ASIC Consults on New Guidelines for Credit Advertisements

ASIC has released a consultation paper about credit advertising to promote good practice and help industry comply with their legal obligations when advertising credit products and services. Consultation Paper 178 Advertising credit products and credit services: Additional good practice guidance contains real examples of the concerns raised with promoters of credit products or services. CP 178 relates specifically to credit facilities and builds on Regulatory Guide 234 Advertising financial products and advice services: Good practice guidance which was released earlier this year and applies to all types of financial products. 

Originally Published: 
05/06/2012