Creditors proceed with caution: ASIC and ACCC update debt collection guidance
- Published 03.05.2021
Key Takeaways
On 13 April 2021, ASIC and the ACCC jointly published an updated debt collection guide for creditors and specialist debt collectors.
The guidance reinforces that ASIC and the ACCC encourage flexible and realistic debt arrangements, that account for and prevent further hardship, including indirect forms such as family domestic violence.