ASIC Report – Payday lenders

ASIC has released Report 805 – Falling Short: Compliance with the small amount credit contract obligations. This report summarises ASIC’s observations from its review of lenders issuing small amount credit contracts (SACCs). ASIC commenced the review in light of the changes to the law in 2022 and 2023 under the Financial Sector Reform Act 2022 (FSR...

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Alicia Pevely

An integral member of the Sophie Grace team since 2012, Alicia has extensive experience in relation to financial services law, consumer credit law, regulatory matters and ASIC investigations. Working closely with her clients, Alicia has maintained a significant emphasis on AFS and credit licensing and liaising with ASIC. As General Manager, Alicia has oversight of all licence applications and provides advice and support in relation to more complex applications.

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