{
  "service": "Creditcrest Decisioning",
  "version": "1.0.0",
  "not_advice": "Creditcrest Technologies is not a credit provider, is not a credit assistance provider, and does not hold an Australian credit licence. Its software produces evidence; the licensee makes the decision.",
  "this_is_an_example": "models/policies/example-au.txt is an example. Its thresholds are round numbers chosen to make the mechanism visible. They are not advice, not a market standard and not anybody’s policy.",
  "example_policy": {
    "key": "round-numbers",
    "label": "Round numbers",
    "source": "models/policies/example-au.txt",
    "for_whom": "Written to make the mechanism visible: a $300 surplus floor, a 45 per cent debt service ceiling, thresholds a reader can do in their head while watching the replay work."
  },
  "also_available": [
    {
      "key": "guideline-shaped",
      "label": "In the shape of a published guideline",
      "source": "models/policies/example-guideline-au.txt",
      "at": "/v1/decisioning/policy?policy=guideline-shaped"
    }
  ],
  "policy": {
    "id": "example-unsecured-au",
    "title": "Example unsecured personal lending policy (illustrative only)"
  },
  "in_force_today": "2026.06",
  "why_not": null,
  "versions": [
    {
      "version": "2026.03",
      "effective": "2026-03-01",
      "retired": "2026-06-01",
      "hash": "8400e4ccd45d6d4696e20f87c41cc6996ab7b9dc25bd429cc5c32316c4727caa",
      "notes": [
        "The first version. Written to be replayed against, not to be copied."
      ],
      "rules": [
        {
          "id": "surplus",
          "kind": "rule",
          "clause": "monthly surplus at least $300",
          "reason": "A surplus at the assessed rate is what the applicant has left if the rate moves against them. A figure near zero is arithmetically true and nobody should lend on it."
        },
        {
          "id": "surplus-ratio",
          "kind": "rule",
          "clause": "net surplus ratio at least 5%",
          "reason": "The same question as a share of income, so that a large income with large outgoings is not read as comfortable."
        },
        {
          "id": "debt-service",
          "kind": "rule",
          "clause": "debt service ratio at most 45%",
          "reason": "Every repayment, existing and proposed, measured against assessed income."
        },
        {
          "id": "loan-to-income",
          "kind": "rule",
          "clause": "loan to income at most 6",
          "reason": "The principal as a multiple of assessed annual income."
        },
        {
          "id": "dti-ceiling",
          "kind": "rule",
          "clause": "debt to income at most 7",
          "reason": "Every debt this lender counts, including the loan applied for, as a multiple of gross annual income. This is the lender's own ceiling. It is not APRA's cap, which limits the share of a lender's new mortgage book written above a ratio and says nothing about whether any one borrower may be lent to."
        },
        {
          "id": "history",
          "kind": "rule",
          "clause": "statement days at least 90",
          "reason": "Three months is the shortest period in which a fortnightly rhythm can be seen at all."
        },
        {
          "id": "coverage",
          "kind": "rule",
          "clause": "categorised share at least 80%",
          "reason": "Below this, too much of the statement is unread for the expense picture to mean anything. The reading lists the payees it could not identify."
        },
        {
          "id": "income",
          "kind": "rule",
          "clause": "income streams at least 1",
          "reason": "An assessment with no identified regular income is an assessment of nothing."
        },
        {
          "id": "dti-band",
          "kind": "refer",
          "clause": "debt to income not between 6.5 and 7",
          "reason": "A ratio in the band below this lender's ceiling goes to a person rather than through. Read the polarity carefully: a refer states the condition under which the application does NOT go to a person, so the band a person looks at is the one written as \"not between\"."
        },
        {
          "id": "inferred-income",
          "kind": "refer",
          "clause": "inferred income share at most 50%",
          "reason": "Income counted because it repeats, from credits whose description does not name a payer, should be confirmed with the applicant before it carries an application."
        },
        {
          "id": "gambling",
          "kind": "refer",
          "clause": "spend on gambling at most $100",
          "reason": "Not a reason in itself. It is a fact a person should see beside the rest of the file."
        },
        {
          "id": "small-credit",
          "kind": "refer",
          "clause": "signal small_amount_credit is absent",
          "reason": "Payments to businesses whose products are commonly small amount credit contracts. The rebuttable presumptions of unsuitability that used to attach to this were repealed in 2022, so this referral is this lender's own judgement and not a requirement of the Act."
        },
        {
          "id": "dishonours",
          "kind": "refer",
          "clause": "signal dishonours is absent",
          "reason": "Dishonour and overdrawn fees say something about the month to month that a monthly average does not."
        }
      ]
    },
    {
      "version": "2026.06",
      "effective": "2026-06-01",
      "retired": null,
      "hash": "083754ea2ff07e44c7b5d23295917b5fdadea8bee580c149de1d2a1cb155bb90",
      "notes": [
        "June: the surplus floor moved from $300 to $600, the loan-to-income ceiling from 6 to 5, the debt-to-income ceiling from 7 to 6 and the referral band under it from 6.5-7.0 to 5.5-6.5, after a portfolio review. An application assessed in May is still judged against 2026.03, which is the whole reason the versions carry dates."
      ],
      "rules": [
        {
          "id": "surplus",
          "kind": "rule",
          "clause": "monthly surplus at least $600",
          "reason": "A surplus at the assessed rate is what the applicant has left if the rate moves against them. Raised in June after a portfolio review."
        },
        {
          "id": "surplus-ratio",
          "kind": "rule",
          "clause": "net surplus ratio at least 5%",
          "reason": "The same question as a share of income, so that a large income with large outgoings is not read as comfortable."
        },
        {
          "id": "debt-service",
          "kind": "rule",
          "clause": "debt service ratio at most 45%",
          "reason": "Every repayment, existing and proposed, measured against assessed income."
        },
        {
          "id": "loan-to-income",
          "kind": "rule",
          "clause": "loan to income at most 5",
          "reason": "The principal as a multiple of assessed annual income. Lowered in June."
        },
        {
          "id": "dti-ceiling",
          "kind": "rule",
          "clause": "debt to income at most 6",
          "reason": "Every debt this lender counts, including the loan applied for, as a multiple of gross annual income. Lowered from seven in June. This is the lender's own ceiling. It is not APRA's cap, which limits the share of a lender's new mortgage book written above a ratio and says nothing about whether any one borrower may be lent to."
        },
        {
          "id": "history",
          "kind": "rule",
          "clause": "statement days at least 90",
          "reason": "Three months is the shortest period in which a fortnightly rhythm can be seen at all."
        },
        {
          "id": "coverage",
          "kind": "rule",
          "clause": "categorised share at least 80%",
          "reason": "Below this, too much of the statement is unread for the expense picture to mean anything. The reading lists the payees it could not identify."
        },
        {
          "id": "income",
          "kind": "rule",
          "clause": "income streams at least 1",
          "reason": "An assessment with no identified regular income is an assessment of nothing."
        },
        {
          "id": "dti-band",
          "kind": "refer",
          "clause": "debt to income not between 5.5 and 6.5",
          "reason": "A ratio in the band below this lender's ceiling goes to a person rather than through. The band was 6.5 to 7.0 in March and was lowered with the ceiling in June. Read the polarity carefully: a refer states the condition under which the application does NOT go to a person, so the band a person looks at is the one written as \"not between\"."
        },
        {
          "id": "inferred-income",
          "kind": "refer",
          "clause": "inferred income share at most 50%",
          "reason": "Income counted because it repeats, from credits whose description does not name a payer, should be confirmed with the applicant before it carries an application."
        },
        {
          "id": "gambling",
          "kind": "refer",
          "clause": "spend on gambling at most $100",
          "reason": "Not a reason in itself. It is a fact a person should see beside the rest of the file."
        },
        {
          "id": "small-credit",
          "kind": "refer",
          "clause": "signal small_amount_credit is absent",
          "reason": "Payments to businesses whose products are commonly small amount credit contracts. The rebuttable presumptions of unsuitability that used to attach to this were repealed in 2022, so this referral is this lender's own judgement and not a requirement of the Act."
        },
        {
          "id": "dishonours",
          "kind": "refer",
          "clause": "signal dishonours is absent",
          "reason": "Dishonour and overdrawn fees say something about the month to month that a monthly average does not."
        }
      ]
    }
  ]
}