FNSCRD301 – Process Applications for Credit
What types of credit are available in Australia?
Do you know the costs associated with credit?
Do you know what a debt collector is?
The purpose of the National Credit Code is to provide protection for consumers who enter into credit contracts for personal purposes.
How does the legislation identify whether a loan is for personal purposes, as opposed to business purposes?
Explain the key purpose of relevant credit legislation, statutory requirements and codes of practice, covering: consumer credit; personal property securities; privacy