RG 210
Compensation and insurance arrangements for credit licensees
If you are a credit licensee (and not also regulated by APRA) you must have adequate arrangements in place for compensating consumers. The primary way to comply with this obligation is to have professional indemnity insurance (PI insurance).
In plain English
Credit licensees must have arrangements to compensate consumers for losses.
RG 210 applies to credit licensees not regulated by APRA. You must have adequate compensation arrangements. Professional indemnity insurance is the main way to comply. This guide explains your obligations and how ASIC assesses compliance. It was last updated in December 2023.
Why it matters
Without proper compensation arrangements, you risk consumer losses and potential regulatory action. Professional indemnity insurance helps protect your business and customers.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-210-compensation-and-insurance-arrangements-for-credit-licensees/. Rules Mate indexes + summarises; always verify against the regulator's live publication.