Date Time Debt management licensing regime has commenced From 1 July 2021, providers of debt management services (including firms offering ‘debt negotiation’ or ‘credit repair’ services) are regulated under the National Consumer Credit Protection Act 2009 (National Credit Act). This means providers of these services must: hold a credit licence with an authorisation that covers those services (or act as a representative of such an authorised licensee); or be operating in accordance with the transitional arrangements, specifically that by 30 June 2021 they: applied to ASIC for a credit licence or variation that covers this activity (or have arrangements to act as a representative of a provider that has applied for a licence to cover this activity); and