BRISBANE, Australia--(BUSINESS WIRE)--A recent editor’s note published by ASIC on about 1 October 2024 confirms that Elepay has complied with the terms of the court enforceable undertaking, following the findings of an independent expert’s review. The report issued by the expert concluded that none of Elepay’s clients fell outside of the target market during the review period and all Target Market Determinations (TMDs) published by Elepay are in full compliance with the requirements of Design and Distribution Obligations (DDO) contained in Part 7.8A of the Corporations Act.
Statement from Gino De Pasquale, CEO of Elepay:
“We are both proud and relieved that the Court Enforceable Undertaking is now behind us. This process has strengthened our commitment to transparency and compliance. It’s onwards and upwards from here as we continue to provide innovative financial solutions for Australian property owners.”
