March 30, 2011

Credit disclosure documents exemption extended

National Consumer Credit Protection Amendment Regulations 2011 (No. 1) has extended the exemption from the obligation by a credit licensee or a credit representative to provide credit disclosure documents in Regulation 28N (5) (contained in National Consumer Credit Protection Amendment Regulations 2010 (No. 4)) from 1 April 2011 to 1 August 2011.

A summary of the effect of the delay is set out in ASIC Information Sheet INFO 137.

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Posted 30th March 2011 by admin in responsible lending