Key points
- ASIC recognises the important role of credit within the financial system.
- Consumer credit protections have been in place for many years and yet they are not universally enjoyed by people who seek or use credit.
- ASIC regards consumer credit protection as a priority and will continue to use all the tools in its regulatory toolkit to address poor practices and serious misconduct.
Check against delivery
Thank you, Melynda, for the introduction. And thank you to AFIA for the invitation to speak to you today.
I would like to acknowledge the traditional owners of the land on which we meet, the Yugambeh people.
I pay my respects to their elders, past and present – and extend that respect to Aboriginal and Torres Strait…