DISPUTE RESOLUTION
- Internal Dispute Resolution
- External Dispute Resolution
Purpose/Objectives (NCCP Obligation) |
This policy sets out our approach to dispute resolution.
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Scope/Application
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This policy applies to the General Manager and all staff/representatives. This policy is based on the NCCP legislation and on ASIC Regulatory Guides: RG 205: Credit Licensing: General Conduct Obligations; and RG 165: Internal and External Dispute Resolution
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Definition(s)
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Dispute resolution is the process by which we consider, assess and resolve, where possible, complaints raised by consumers, lenders or any other person associated with our business
Internal dispute resolution is our complaints management policies and procedures that meet ASIC’s requirements and standards outlined in its RG 165.
External Dispute Resolution Scheme is an ASIC approved scheme under the Corporations Act and/or the NCCP Act
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Policy Statement
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Our business is committed to excellent customer service and the resolution of any concerns or complaints quickly, fairly and efficiently.
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Supporting Procedures |
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Responsibility – Implementation
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The General Manager is responsible for approving the IDR scheme and EDR Membership, allocating adequate finance to support those processes and for regularly reviewing complaint data. The General Manager and partners are jointly responsible for ensuring the IDR scheme meets ASIC’s standards, the EDR scheme is ASIC approved, representatives are trained in dispute resolution management and complainants are made aware of both IDR and EDR schemes.
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Responsibility – Monitoring & Reporting
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The General Manager is responsible for ongoing monitoring of the effectiveness of both the IDR and EDR schemes. The General Manager and partners are jointly responsible for monitoring of the adequacy of our IDR and EDR framework and on any factors that may compromise their adequacy. The General Manager will review complaint statistics quarterly and address any systemic issues they may identify.
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Communication |
This policy will be available through:
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Related policies, documents & forms |
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Review |
The General Manager will review this policy annually. |
Policy date |
1 January 2018 |
Reviewed |
1 May 2018 |