RG 209 Credit licensing: Responsible lending conduct

The Australian Securities and Investments Commission issued this guide to clarify the responsible lending obligations under Chapter 3 of the National Consumer Credit Protection Act 2009. It outlines the regulator's views on compliance requirements and provides actionable steps for credit licensees and applicants to minimize the risk of non-compliance. The document serves as a practical reference for navigating the legal duties associated with credit licensing and lending practices.

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Issued 9 December 2019

This is a guide for credit licensees and credit applicants.

It sets out ASIC’s views on what the responsible lending obligations in Ch 3 of the National Consumer Credit Protection Act 2009 (National Credit Act) require, and steps you can take to minimise the risk of non-compliance with these obligations.

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RG 209 (PDF 981 KB)

Navigation guide - Attachment to RG 209: Comparison of 2014 and 2019 versions (PDF 72 KB)

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Source: Australian Securities and Investments Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works