BNPL Regulation in Australia Is Changing – What It Means for Your Business

The regulation of Buy Now, Pay Later (BNPL) services in Australia is about to shift dramatically. If your organisation operates in or around consumer credit, now is the time to get informed and prepared.

BNPL services like Afterpay and Zip Pay have largely operated outside traditional credit laws – until now.

In 2025, new legislation will bring these products under the National Consumer Credit Protection Act, making them subject to the same responsible lending obligations as credit card providers. 

This shift marks a significant change for the industry, and for any businesses involved in offering or marketing BNPL services. 

What’s Changing with BNPL?

In May 2025, the Australian Government introduced a bill to regulate BNPL under the Credit Act. Here are the key changes: 

• BNPL products will now be classed as credit. 
• Providers must obtain an Australian Credit Licence. 
• They must comply with responsible lending obligations, including assessing a customer’s ability to repay. 
• BNPL providers will be supervised by ASIC, with powers to enforce compliance. 
• New transparency and fee disclosure rules will apply. 

Why This Matters for Your Business

If your organisation provides BNPL services or partners with providers – this legislation introduces new legal and compliance risks. You’ll need to review: 

• Credit assessment procedures 
• Customer onboarding and disclosures 
• Ongoing staff training and compliance systems 

Failing to meet these new obligations could result in penalties and reputational damage. 

How GRC Solutions Can Help

At GRC Solutions, we help financial services providers navigate changing regulatory landscapes through targeted compliance training. 

Our Financial Services Compliance Training covers key topics such as: 

• Credit legislation and responsible lending 
• Conduct obligations under ASIC 
• Customer due diligence and risk management 
• Real-world scenarios tailored to financial service environments 

Courses are available via our award-winning Salt LMS can be customised to reflect your organisation’s policies. 

Stay Ahead of the Curve

With regulatory expectations evolving, now is the time to upskill your team and future-proof your compliance program. 
Contact us to tailor training to your business.