Annotated National Credit Code - 4th Edition

The Annotated National Credit Code has an established reputation as an invaluable guide to the Code and Regulations. It is an essential reference for financial institutions, retailers, financiers and consumer advocates as well as practitioners to ensure their compliance with Code obligations.

The move towards federal regulation of the industry has resulted in a single, standard, national regulation of consumer credit. This has a significant impact on any person involved in the origination, management or enforcement of consumer credit. The code also applies to those who provide credit to purchase, renovate or improve residential property for investment purposes. Among other things, the new regulatory framework will create a new licensing system, impose responsible lending requirements and extend regulation to apply to the finance broking industry. Professionals in the field must acquaint themselves with the new framework.

This is the only book to focus solely on the Code. It is a practice oriented guide that provides detailed and comprehensive annotations and explanations. Practitioners will find this book invaluable in dealing with the new federal scheme and understanding the new responsibilities placed upon credit providers and the penalties for breach.

The fourth edition includes:

- An overview of the National Consumer Credit regime
- A table of differences between the old Uniform Consumer Credit Code and the new National Credit Code
- A table matching old section numbers to their new equivalents
- ASIC registration and credit licensing requirements
- Responsible lending requirements