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