RG 218
Licensing: Administrative action against persons engaging in credit activities
Issued 25 November 2010. This guide is for credit licensees and their representatives, as well as registered persons who engage in credit activities during the transition period (i.
In plain English
This guide explains ASIC's powers to take action against people doing credit activities without a licence.
RG 218 applies to credit licensees, their representatives, and registered persons during the transition period. It outlines ASIC's administrative actions against those engaging in credit activities without authorisation. It covers warnings, infringement notices, and more. The guide was issued on 25 November 2010.
Why it matters
If your business offers credit, ensure you have the correct licence. This guide clarifies ASIC’s powers if you operate without one, potentially impacting your business’s legal standing.
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-218-licensing-administrative-action-against-persons-engaging-in-credit-activities/. Rules Mate indexes + summarises; always verify against the regulator's live publication.