This course looks at ASIC’s role in consumer credit protection, with a focus on fulfilling ASIC’s enforcement role and how organisations can cooperate with ASIC towards the fulfilment of its objectives.
ASIC is Australia’s corporate, markets, financial services and consumer credit conduct regulator. ASIC regulates Australian corporations, financial markets, and financial services organisations and professionals who deal and advise in investments, superannuation, insurance, deposit taking and credit.
ASIC regulates these entities under a number of Commonwealth laws. These laws include the Corporations Act 2001 (Corporations Act), the Australian Securities and Investments Commission Act 2001 (ASIC Act), the National Consumer Credit Protection Act 2009 (National Credit Act), the Superannuation Industry (Supervision) Act 1993 and the Financial Sector Reform (Hayne Royal Commission Response—Better Advice) Act 2021 (Better Advice Act).
This course looks at ASIC’s role in consumer credit protection, with a focus on ASIC’s enforcement role and how organisations can cooperate with ASIC towards the fulfilment of its objectives.
It also presents several case studies that can help organisations understand how poor financial decisions, coupled with a lack of regulatory compliance, can impact a firm negatively.
What you will learn
- Describe ASIC’s role and responsibilities in consumer credit protection
- Understand ASIC’s approach to enforcement
- Identify what information ASIC gathers and how they make decisions
- Detail the types of outcomes they provide
What topics are covered
- ASIC’s enforcement role
- Cooperating with ASIC
- ASIC’s approach to enforcement
- ASIC credit case studies
COURSE DELIVERY OPTIONS:
Online
COURSE REQUIREMENTS:
For the online delivery option, you will need to have access to a computer with an internet connection.
COURSE DURATION:
Your enrolment is valid for a period of twelve months.
ASSESSMENTS:
1 online multi-choice assessment
ADDITIONAL INFORMATION:
CPD Hours – 1
