NCCP Compliance: IT Policy
Information is key to the operation of most businesses and this is certainly the case credit licensees, whose existence is based on the collecting of some of a client’s most valuable information.
The purpose of an IT policy is to provide a single, formal reference for the management of all information technology resources for our business (this also includes a IT Policy for sole operators).
Your Information Technology policy is one of the general conduct obligations for credit licensees. To ensure your compliance you need to test yourself against this policy regularly, document the results and take action to fix any areas of non-compliance.
QED CompliFast is an online compliance monitoring system that Australian credit licensees use to meet their NCCP compliance obligations. With different areas tested quarterly, QED CompliFast ensures adequate testing, documentation and recommended action plans for IT policies.