Australia National Consumer Credit Protection Act 2009 (Cth)

Chapter 2: Licensing and general obligations of licensees – Australia National Consumer Credit Protection Act 2009 (Cth)

Australia National Consumer Credit Protection Act 2009 (Cth) s51C: s 51C Keep records sufficient to show compliance with the breach reporting and remediation duties

A licensee must keep records sufficient to enable its compliance with the reportable situation, notification and investigation duties to be readily ascertained, including any records the regulations specify.

Maintained by Gerard Blokdyk

Other controls in Chapter 2: Licensing and general obligations of licensees – Australia National Consumer Credit Protection Act 2009 (Cth)

s29-32 ss 29 to 32 Hold a credit licence for every credit activity; do not hold out, deal with unlicensed persons or charge fees for unlicensed activity
s47-1a s 47(1)(a) Engage in authorised credit activities efficiently, honestly and fairly
s47-1b s 47(1)(b) Have adequate arrangements so that conflicts of interest do not disadvantage clients
s47-1c-ea s 47(1)(c) to (ea) Comply with licence conditions and the credit legislation, ensure representatives comply, and follow the reference checking protocol
s47-1f-g s 47(1)(f), (g) Maintain competence and ensure representatives are trained and competent
s47-1h-i s 47(1)(h) to (i) Run a compliant internal dispute resolution procedure, report IDR data to ASIC and be a member of AFCA
s47-1j-48 ss 47(1)(j) and 48 Have adequate compensation arrangements
s47-1k-l s 47(1)(k), (l) Keep a written compliance plan, adequate resources and adequate risk management systems

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MCP endpoint All Australia National Consumer Credit Protection Act 2009 (Cth) controls