Understand how responsible lending obligations are evolving and what this means for managing consumer credit risk in practice. Unpack key legal requirements, enforcement trends and risk indicators, equipping you with actionable strategies to strengthen credit assessment processes and ensure compliance. You will develop the ability to identify high-risk lending scenarios, apply responsible lending principles in practice, and implement robust governance and monitoring frameworks, leaving you with practical tools to manage risk, meet regulatory expectations and support sound lending decisions.
Wednesday, 14 October 2026
12.00pm to 1.00pm Responsible Lending and Consumer Credit Risk
Responsible lending remains a key area of ASIC interest and compliance focus for lenders and brokers.
In this session you will navigate:
- The impact of the Money3 decision: understand the level of inquiries and verification lenders and brokers should make
- Technological developments: What role can AI play in the Responsible Lending process?
- Responding to tax and regulatory changes: assess how recent tax reforms may affect credit assessments and responsible lending obligations
- Preparing for the future regulatory landscape: identify ASIC's current areas of focus and emerging trends shaping responsible lending enforcement and supervision
Presented by Steven Klimt, Partner, Clayton Utz; Author, Australian Consumer Credit Law Reporter, CCH; Best Lawyers Australia in Banking and Financial Services and Regulatory Practice for many years.
Description
Attend and earn 1 CPD unit in Substantive Law
This program is applicable to practitioners from all States & Territories
Chair:
Ian Lockhart, Partner, MinterEllison; Recognised in Best Lawyers Australia for Banking and Finance Law since 2014; Chair, Banking and Financial Services Law Committee, Queensland Law Society; leading adviser on consumer credit, banking regulation and financial services compliance
Presenters
Steven Klimt, Partner, Clayton UtzSteven has been practising in the retail banking and financial services area for over 30 years. His practice covers documentation, procedures, forms and systems, and financial services regulatory issues including consumer credit, anti-money laundering. payment systems and privacy. His clients include many of Australia's leading financial institutions, Fintechs and finance companies. Steven is a contributing author to the CCH Australian Consumer Credit Law Reporter. He has been ranked in Best Lawyers Australia in Banking and Financial Services and Regulatory Practice for many years.
Ian Lockhart, Partner, MinterEllison
Ian is a finance partner in the Brisbane office of Minter Ellison and acts for Australian and foreign banks, credit unions and mutual banks, government and listed entities. His practice spans consumer credit, privacy, financial services, licensing, compliance with APRA prudential standards and anti-money laundering and counter terrorism financing compliance. His background in corporate finance also means that he can also bring a transactional perspective to the application of regulatory compliance obligations. Ian is a current member of the Banking and Financial Services Law Committee of the Queensland Law Society and served as the chair of that committee until recently for a period of 6 years.
