Adequate Resources - ACL

This bundle is to assist credit licensees manage their human capital, financial requirements, and IT resources and related processes; and demonstrate they have sufficient resources to conduct and monitor their operations.  It is designed to align with the requirements of sections 47 and 48 of the National Consumer Credit Protection Act 2009, and ASIC’s RG 205 (Credit licensing: General conduct obligations), RG 207 (Credit licensing: Financial requirements) and RG 210 (Compensation and insurance arrangements for credit licensees).

This resource may assist Australian Credit Licence (ACL) holders and credit businesses looking for professional indemnity (PI) insurance and organisational structure templates to support their credit licensing requirements.