Tag Archives: Indy-C

ASIC issues final stop order against Indy-C

Posted on November 29, 2024 Posted inDesign and Distribution ObligationsTags:DDO, design and distribution obligations, final stop order, Indy-C, interim stop order, tmd

ASIC has issued a final stop order against Indy-C, effectively preventing the company from offering Centrepay credit arrangements to consumers at its Katherine store. This decisive action follows an ASIC Delegate’s determination that Indy-C failed to make a Target Market Determination (TMD), a crucial requirement to ensure that financial products are suitable for consumers’ needs and objectives.