Under regulation, LifeX is required to conduct annual lending audit.
LifeX is complying with the code of best practise and industry standards.
We embraced the opportunity to ensure all compliance obligations are met, and give our clients comfort on business with us.
All lenders, lessors and finance brokers must be licensed by ASIC or be a representative of someone who is licensed. Search ASIC Connect’s Professional Registers to check your
credit provider is licensed before you deal with them.
Some businesses that are exempt from licensing, such as retail stores and car yards. While the store may be exempt, the actual credit provider must be licensed. If you are
unsure who the provider is, check your credit contract or rental agreement.
Any company engaging in credit activities must give you a credit guide and credit proposal disclosure document which will tell you:
They must also give you a quote for providing credit assistance unless:
Credit providers must not enter into a contract with you that is unsuitable, such as a loan you can’t repay without suffering hardship or a contract that doesn’t meet your
requirements and objectives.
By law the credit provider must also:
For more information, please contact us.