The reforms will deliver a "robust, competitive banking system" that can continue to fulfil its critical role when the community faces challenges, APRA's Wayne Byres said.
December 9, 2020Six-month exemptions from responsible lending obligations are available to lenders that provide credit to existing small business customers.
March 23, 2020ASIC has clarified when a licensee might undertake more or less detailed inquiries and verification steps based on different consumer circumstances and the type of credit being sought.
December 10, 2019ASIC's existing guidance allows a tailored approach to applying responsible lending obligations, but licensees may be applying them where the law does not require it.
February 14, 2019