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- Consumer credit
- Australian credit licence
Primary requirements of a licensee
An Australian credit licensee must comply with the general conduct obligations of the licensee set out in the National Consumer Credit Protection Act 2009 (Cth) (NCCPA). There are numerous general conduct obligations including a general obligation to do all things necessary to ensure that the credit activities authorised by the licensor are engaged in efficiently, honestly and fairly. There are also obligations in relation to competence, risk management and resources, compliance, conflicts of interest and dispute resolution.
For information on the primary requirements of licensee under an ACL, see Primary requirements of a licensee.
