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Resimac Faces ASIC Proceedings Over Hardship Notice Breaches, Plans Customer Refunds

2:03am on Monday 2nd of June, 2025 AEST Financial Services
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Resimac Faces ASIC Proceedings Over Hardship Notice Breaches, Plans Customer Refunds

2:03am on Monday 2nd of June, 2025 AEST
Key Points
  • ASIC initiates civil penalty proceedings against Resimac Limited
  • Alleged breaches of hardship notice obligations from Jan 2022 to Feb 2024
  • Resimac admits past shortcomings and apologizes
  • Enhanced hardship processes implemented following ASIC recommendations
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