LEGAL AND COMPLIANCE

An Overview of Legal & Compliance

In addition to the NCCP Act, finance brokers are subject to other laws, including in particular:

  • Trade Practices Act, ASIC Act, and Fair Trading Act – must not act in a misleading and deceptive fashion or unconscionably;
  • UCCC – use comparison rates and comparison rate schedules where required;
  • Privacy Act;
  • Industry codes of conduct (eg. MFAA’s / FBAA’s code of practice);
  • Door to Door Trading Acts
  • The hawking prohibitions in the Corporations Act
  • e-marketing Code of Conduct
  • the Spam Act

You can view all the recent compliance training by logging into Vow Professional