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Responsible Lending Conduct

Course Details

Description

Gain a comprehensive understanding of responsible lending practices with our Responsible Lending Conduct course.

The Australian Securities and Investments Commission (ASIC) sets out the guidelines and obligations for responsible lending for those dealing with consumers requiring credit advice.

Designed for credit providers, lessors, credit assistance providers, and representatives, this course covers key regulatory requirements set out by ASIC, including Regulatory Guide 209 and the National Consumer Credit Protection Act.

Regulatory Guide 209 gives practical guidance to regulated entities by explaining any changes made on a specific process or compliance issue, or an overview of detailed guidance.

This course equips you with the knowledge and skills needed to meet ASIC’s responsible lending obligations. Whether you’re a credit licensee or a credit assistance provider, this course ensures you’re well-prepared to manage consumer credit needs responsibly while adhering to Australian legal standards.

Learn how to comply with Australian Credit Licensing (ACL) requirements and uphold responsible lending obligations to protect consumers and maintain compliance.

Estimated Time To Complete

Approx 3 Hours

Learning Outcomes

By the end of this course, you will be able to

Identify key obligations under ASIC’s responsible lending guidelines.
Explain the provisions of the National Consumer Credit Protection Act and its amendments.
Evaluate compliance strategies for consumer credit contracts and leases.
Develop responsible lending practices to ensure fair outcomes for consumers.

Topics

Responsible lending obligations
Making reasonable inquiries and verifications
Assessing suitability of a credit product
Record keeping and compliance

Requirements

Computer, tablet or mobile
Internet Connection
Edge, Safari, Chrome or Firefox

Course Delivery

Online Learning

Course Access

12 Months

CPD Hours

2 Hours

Assessment

Multiple Choice

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