Credit cases provide powerful insights into how Australia’s financial regulatory framework operates in practice. This course explores the critical role of the Australian Securities and Investments Commission (ASIC) in overseeing corporate, markets, financial services, and consumer credit conduct regulation. By studying real-world credit cases, learners gain a deeper understanding of how ASIC regulates corporations, financial markets, and professionals dealing with investments, superannuation, insurance, deposit-taking, and credit products.

The course carefully examines the legislation that empowers ASIC, including the Corporations Act 2001, 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). These laws form the backbone of regulatory oversight, ensuring that organisations comply with high standards of conduct.

Through an applied focus on credit cases, participants will see how ASIC enforces compliance and promotes fair practices in the financial sector. The course highlights the importance of cooperation between organisations and the regulator to achieve consumer protection objectives and maintain trust in Australia’s financial system.

In addition, the course features detailed case studies showcasing how credit cases can serve as cautionary examples. Learners will examine instances where poor financial decisions and non-compliance with regulations led to significant negative outcomes for businesses and consumers alike. These case studies emphasise the practical implications of regulatory breaches, equipping professionals with the foresight to avoid similar pitfalls.

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