Reports 4 – ASIC Credit Reform Update

ASIC today released regulatory guidance for credit licensees and insurers about the compensation and professional indemnity (PI) insurance obligations under the National Consumer Credit Protection Act (National Credit Act).

Regulatory Guide 210 Compensation and insurance arrangements for credit licensees (RG 210) sets out how credit licensees can meet their obligation to have adequate compensation arrangements.

Please click here for further information.

 

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