The Australian Securities & Investments Commission has amended its mandatory credit reporting relief for credit providers by adding a further category of account that does not have to be reported. The change also extends the relief’s sunset date to 1 October 2031. The amendment updates the relief in place since 2021, which operates within the eligible credit account framework under section 133CO of the National Consumer Credit Protection Act 2009. ASIC said it had assessed the relief as operating effectively and remaining a necessary part of the legislative framework. In targeted consultation in November and December 2025, credit providers and industry bodies supported both a five-year extension and a broader scope covering additional account categories.
Australian Securities & Investments Commission2026-06-10
Australian Securities & Investments Commission extends mandatory credit reporting relief to 1 October 2031 and exempts an additional account category
The Australian Securities & Investments Commission has amended its mandatory credit reporting relief for credit providers by adding another category of exempt account and extending the relief to 1 October 2031. ASIC said the relief, in place since 2021 under the eligible credit account framework in section 133CO of the National Consumer Credit Protection Act 2009, continues to operate effectively and remains necessary, with targeted industry consultation supporting both the extension and broader scope.