Creditcrest Documents, end to end
See which documents an invented small lender must give before each step, try to assess without them, then give them.
- 1. What must be given
- 2. Assess, with nothing given
- 3. Given, and the gate opens
Step 1 of 3: What must be given
| Document | Before | Law |
|---|---|---|
| Target market determination | apply | Corporations Act s 994B, as stated in ASIC RG 274.137 (the section itself was not read for this file) |
| 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 |
| Credit guide | assess | National Credit Act s 126(1) and (2) |
| Precontractual statement | offer | National Credit Code s 16(1) and (2) |
| Information statement | offer | National Credit Code s 16(1) and (2) |