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ISCOVER
Steven Cross
Brokers with their own licence will soon be required to display Australian credit licence numbers on all national credit code and NCCP act documents.
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The new guidelines made by ASIC last week will take effect on the first of April 2012 with any breaches costing individuals $220,000 and companies $1.1m in fines.
The change also applies to advertisements including flyers, billboards, ‘boxed out’ advertisement in a newspaper and “words or pictures that amount to more than a mere listing in the white pages or yellow pages,” according to Gadens Lawyers.
