ASIC has announced that it is undertaking a compliance program to check the information lodged by Australian Credit Licensees in their Annual Compliance Certificates.

Between 1 April 2012 and 30 June 2012, ASIC will be contacting some Australian Credit Licensees to verify the information contained within Annual Compliance Certificates lodged. ASIC will be assessing and discussing the results of the program with the licence holders concerned and may issue further information to industry on any key problems that arise.

Bright Law can advise on compliance and licensing issues.