ACCC and ASIC revise guidelines for businesses and consumers about debt collection activities* The Australian Competition and Consumer Commission (ACCC) and the Australian Securities and Investments Commission (ASIC) have launched an updated version of their ‘Debt collection guideline: for collectors and creditors’. This joint publication has been revised following extensive consultation with key industry and consumer representatives to provide enhanced guidance to anyone involved in debt collection. The revised guideline will further assist creditors, collectors and debtors to understand their rights and obligations, and ensure that
The Australian ACCC and ASIC issue new guidelines concerning the debt collection industry and the assessment of the risk of breaching competition, consumer and other relevant laws
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