Australian Securities and Investments Commission

Documents Relating To The Application Made By Better Lending Pty Ltd For An Australian Credit Licence.

FOI 144-2022 Date not published 1 page PDF

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This document is an insurance certificate confirming that Better Lending Pty Ltd held professional indemnity insurance as part of its application for an Australian Credit Licence. The policy was issued by Lloyds of London through Dual Australia Pty Ltd, covering the period from November 2010 to November 2011, with coverage of $2 million per claim and $4 million in aggregate. The insurance covered liability arising from professional negligence in finance and mortgage broking services, with a $2,500 excess per claim and specific coverage for ASIC-approved external dispute resolution facility awards up to $280,000. The certificate was dated May 2011 and confirms the policy was current at that time. This appears to be documentation supporting Better Lending's licensing application requirements rather than indicating any compliance issues or enforcement action.

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