GRCGuideline

RG 209

Regulatory Guide 209 Credit licensing: Responsible lending conduct

RG 209 is a regulatory guide issued by the Australian Securities & Investments Commission (ASIC). It outlines responsible lending obligations for credit licensees and applicants under Chapter 3 of the National Consumer Credit Protection Act 2009, providing steps to ensure compliance and reduce risks.

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Overview

This regulatory guide specifies ASIC’s interpretation of responsible lending obligations as stipulated in the National Credit Act. It is designed to assist credit licensees and credit applicants in understanding their duties to avoid lending irresponsibly. The guide provides detailed steps for assessing and verifying a borrower’s financial situation before offering credit. It includes comparisons between the 2014 and 2019 versions, highlighting updates that reflect evolving consumer protection measures. RG 209 aims to help industry participants align with legal standards and minimize compliance risks. It also includes supplementary documents such as responses to submissions and the navigation guide.

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ASIC Act — Australian Securities and Investments Commission Act 2001

This Act establishes the legal framework for the operation of the Australian Securities and Investments Commission (ASIC), which is responsible for regulating company, financial services, and consumer protection laws in Australia. It outlines ASIC's powers, functions, and responsibilities while detailing provisions for consumer protection and fair competition in financial services industries.

Australian Government • Australia • vNo. 91, 1 July 2023

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GRCGuideline

RG 132 — Regulatory Guide 132: Funds management: Compliance and oversight

This regulatory guide outlines compliance and oversight obligations for managed investment schemes, retail and wholesale corporate collective investment vehicles, and other related entities. It helps responsible entities understand their obligations under the Corporations Act and other relevant laws.

Australian Securities & Investments Commission (ASIC) • Australia

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GRCGuideline

RG 78 — Regulatory Guide 78: Breach Reporting by AFS Licensees and Credit Licensees

This guide provides Australian Financial Services (AFS) licensees and credit licensees with instructions on reporting certain legal breaches to ASIC, as required under the Corporations Act 2001 and the National Consumer Credit Protection Act 2009.

Australian Securities and Investments Commission (ASIC) • Australia

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GRCGuideline

RG 205 — Regulatory Guide 205: Credit Licensing: General Conduct Obligations

RG 205 is a regulatory guide issued by ASIC detailing the general conduct obligations for credit licensees, license applicants, and unlicensed carried-over instrument lenders. It helps entities comply with the National Credit Act and outlines specific areas of focus during compliance assessments.

Australian Securities & Investments Commission (ASIC) • Australia

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