Responsible Lending - What ASIC Wants
It has been over 18 months since ASIC published its Report 262 on Responsible Lending. Despite this time period, we are still seeing the recommendations of the Report being largely ignored by the i...
QED CompliFast Blog
What ASIC requires from your Complaints Handing Process
To comply with your Licence obligations, there are several requirements from ASIC regarding the management of your Complaints Handling Process. The requirements are in black and white from ASIC, an...
ASIC: Managing Credit Representatives
Following an industry review of Licensee groups with large numbers of Credit Representatives, ASIC is set to release its next Report in the New Year. The report will contain several recommendations...
Credit Licensees: Renewal time is coming and ASIC are NOW checking up on you
ACL holders are now required to lodge their Annual Compliance Certificate (your licence renewal). Although the process is the same as last year, the stakes are now higher in terms of yo...
The "principles" of NCCP
In 'principles-based' regulation, Licensees are left to their own devices to piece together their obligations under the law. As a result, the uninitiated can often fail to string together on...