One of the recommendations of the ASIC enforcement review taskforce was that the mandatory self-reporting regime should be extended to impose the same obligations upon credit licensees. This recommendation is in contrast to the or...

Some time ago the Registrar of Titles in Victoria published a paper dealing with the requirements for paper conveyancing transactions in the state. Version 2 of the registrar’s requirements were published in March 2017 and notif...

Some of the restrictions on communicating electronically where consumer credit is involved may soon be lifted. ASIC recently wrote to major industry bodies and key stakeholders seeking their views on amending the Electronic Tra...

The eagerly awaited final report of the independent review of the small amount credit contract (SACC) laws and consumer leases was released on Tuesday 19 April 2016 by the Minister for Small Business and Assistant Treasurer, Kelly...

In late February 2016, ASIC released a discussion paper titled “Broker Remuneration Review – Scoping Discussion Paper” to assist in scoping out the parameters of its forthcoming review of mortgage broker remuneration structu...

ASIC releases guidance on new protections for small businesses against unfair lending contract terms. The Treasury Legislation Amendment (Small Business and Unfair Contract Terms) Act 2015 extends the protections contained in th...