ASIC updates mandatory credit reporting relief

[Newsroom](https://www.asic.gov.au/newsroom) PrintShare - [X Opens in new window](https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.asic.gov.au%2Fabout-asic%2Fnews-centre%2Fnews-items%2Fasic-updates-mandatory-credit-reporting-relief%2F&text=ASIC%20updates%20mandatory%20credit%20reporting%20relief) - [Facebook Opens in new window](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.asic.gov.au%2Fabout-asic%2Fnews-centre%2Fnews-items%2Fasic-updates-mandatory-credit-reporting-relief%2F) - [LinkedIn Opens in new window](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.asic.gov.au%2Fabout-asic%2Fnews-centre%2Fnews-items%2Fasic-updates-mandatory-credit-reporting-relief%2F) - [Email Opens in new window](mailto:?subject=ASIC%20updates%20mandatory%20credit%20reporting%20relief&body=An%20article%20from%20ASIC%3A%0D%0A%0D%0AASIC%20updates%20mandatory%20credit%20reporting%20relief%0D%0A%0D%0Ahttps%3A%2F%2Fwww.asic.gov.au%2Fabout-asic%2Fnews-centre%2Fnews-items%2Fasic-updates-mandatory-credit-reporting-relief%2F) ASIC has amended the mandatory credit reporting relief for credit providers. [_ASIC Credit (Amendment) Instrument 2026/64_](https://www.legislation.gov.au/F2026L00689/asmade/text) amends the relief provided under _ASIC Credit (Mandatory Credit Reporting) Instrument 2021/541_ by introducing an additional category of account that is exempted from reporting. We have assessed that the relief is operating effectively and continues to form a necessary part of the legislative framework. The relief will now sunset on 1 October 2031. ## Consultation and feedback In November and December 2025, ASIC conducted a targeted consultation with credit providers and industry bodies. Stakeholders supported extending the relief for five years and expanding the scope to include additional account categories. ## Background Section 133CO of the _National Consumer Credit Protection Act 2009_ sets out the definition of an eligible credit account. Subsection 133CO(2) allows ASIC to determine one or more account which are not eligible credit accounts. **ASIC is Australia’s corporate, markets and financial services regulator.** ## Topics [credit](https://www.asic.gov.au/newsroom/search/?tag=credit)