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

Resimac Group Ltd has acknowledged civil penalty proceedings initiated by ASIC against its subsidiary for alleged breaches related to hardship notices, and is proposing a financial contribution program to compensate affected customers.
Claire Turing
21 May 2025

Resimac Group Navigates Profit Dip Amid Rising Asset Finance Provisions

Resimac Group reports a 12% decline in normalised net profit after tax for 1H25, driven by increased provisioning in its asset finance portfolio, while operating profit rises 20%. The lender signals challenges ahead but remains confident in its core business momentum.
Claire Turing
18 Feb 2025