If the consumer asks for the written assessment that found the product not unsuitable, the licensee must give it free of charge: before the contract is entered into where the request is made before, and otherwise within seven business days (two years) or twenty-one business days (two to seven years) of the request as the Act provides; a broker gives its preliminary assessment on the same basis; the obligation passes with an assignment of the lender's rights where the assignee is a licensee; ASIC may also ask for the assessment during surveillance. Although the Act does not require a written assessment to be prepared in advance, it is good practice to prepare one when the assessment is made. The written assessment should let the consumer understand the basis for the conclusion: ASIC lists the consumer's details, the requirements and objectives and how the product meets them, the financial position (income, expenses, liabilities, assets) and the capacity to repay with the assumptions used, without requiring disclosure of commercially sensitive lending criteria; Appendix 2 gives an example.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.