Complaints · Privacy · Documents · All products
Creditcrest Documents
Which document a lender must give, when, and a gate that refuses the next step until it has been given — each version hashed so what was given can be shown later.
Assessment is refused
Assess is refused until the credit guide (National Credit Act s 126(1) and (2)) is recorded as given.
| Document | Before | Law | Why that step |
|---|---|---|---|
| Target market determination | apply | Corporations Act s 994B, as stated in ASIC RG 274.137 (the section itself was not read for this file) | The law’s point: before the product is distributed. Recorded as published, not given to each person. |
| Small amount credit information (ASIC determination under s 133CB) | apply | National Credit Act s 133CB(1) and (2), and s 124B in the same words for credit assistance | This file’s reading: the section requires information displayed and given as ASIC determines; the gate puts it before an application is taken. |
| Credit guide | assess | National Credit Act s 126(1) and (2) | This file’s reading of “as soon as practicable after it becomes apparent”: before the application is assessed. |
| Key Facts Sheet (standard home loan) | does not apply | National Credit Act s 133AD(1) and (2) | Applies when the consumer asked; the gate puts it before an offer. |
| Precontractual statement | offer | National Credit Code s 16(1) and (2) | The law’s point, read the earlier way: before the debtor makes an offer or the contract is entered, whichever is first. |
| Information statement | offer | National Credit Code s 16(1) and (2) | As the precontractual statement. |
| Copy of the assessment | does not apply | National Credit Act s 132(1) | The law’s point when asked for before the contract (s 132(1)). After the contract it is a clock, not a gate. |
For a program
See /v1/documents.