National Credit Regulation: Paper

National Credit Regulation: Paper

Looseleaf

$1,146.34* RRP

Date: 19/09/2012

Code: 30121394

Thomson Reuters, AUSTRALIA

Available Formats

Format Title Date Code Price
Looseleaf National Credit Regulation: Paper 19/09/2012 30121394 $1,146.34
Online National Credit Regulation: Online (Westlaw AU) 27/04/2010 41167374 $1,227.73
Online National Credit Regulation - Checkpoint 41412973 $1,227.73

Description

The Consumer Credit Protection Reform Package poses widened regulatory challenges for lenders and their intermediaries. Its start marks a significant change to the regulation both of lending and of businesses involved in marketing, making, managing and recovering loans and consumer leases regulated by the National Credit Code. Significantly, ASIC has the role of regulator.

Obligations arise under a web of legislation, industry codes and regulator policy, with severe civil and criminal penalties for non-compliance. Challenges include establishing robust processes, compulsory EDR membership and adapting to regulation of loans for residential property for investment purposes.

National Credit Regulation is the essential subscription publication to inform and assist credit professionals and legal advisers. In its preparation, Thomson Reuters has worked closely with ASIC in incorporating the reference materials, and with Gadens Lawyers who have contributed the commentary written under the leadership of senior partner, Jon Denovan.

The service combines:

  • The underpinning legislation – with “law in force” flagging in the online service
  • ASIC guidance material and legislative instruments regarding compliance
  • Practical commentary taking subscribers through the detail, from the licensing regime to the responsible lending obligations.

Regular updates for looseleaf and online formats offer the reassurance of up-to-date guidance.

Features

  • The combination of practical commentary, ASIC’s regulatory guidance documents and the relevant legislation provides you with an essential information package to ensure you are meeting your obligations.
  • Assists you in maintaining best practice standards in your corporate governance responsibilities, thus protecting your company’s reputation.
  • Organised and structured clearly and concisely to provide you with the answers you need as quickly as possible.
  • Keeps you informed of developments and changes to the national credit system giving you a clearer understanding of your professional obligations.

Table of Contents

  • Breaking News
  • Update Summaries
  • Commentary
    • Introduction
    • Overview of the Commonwealth regulation of credit
    • Pre-NCCP regulation (including continuing regulation)
    • Transition from UCCC to NCC
    • Registration and licensing
    • Representatives and credit representatives
    • General conduct obligations
    • Responsible lending – unsuitable loans
    • Responsible lending – disclosures
    • Mortgage managers and non-balance sheet lenders
    • Dispute resolution
    • Jurisdiction and penalties
    • Other laws applying to the finance industry
  • Legislation
    • National Consumer Credit Protection (NCCP) Acts and Regulations
  • Related Legislation
    • Crimes Act 1914 (Cth) – extracts
    • Competition and Consumer Act 2010 (Cth) — extracts
    • Electronic Transactions Regulations 2000 (Cth)
    • Credit (Commonwealth Powers) Act 2010 (NSW)
  • ASIC Materials
    • Selected Executive Summaries
    • Selected Regulatory Guides
    • ASIC Class Orders

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* Price is for an annual subscription and includes all updates issued during this period.

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