IPO - Prospa Group Limited, page-19

Online small business lender Prospa's float has been postponed for 48 hours after the corporate regulator raised questions about its small business loan terms.
Prospa and the float's joint lead managers, Macquarie Capital (Australia) and UBS, are seeking to clarify queries raised by ASIC on Tuesday in relation to its small business loan terms, as the regulator continues an industry-wide review of the small business loan sector.
The company was expected to make its debut on the Australian Securities Exchange at midday on Wednesday, after an initial public offering at $3.64 a share.

https://finance.nine.com.au/2018/06/06/12/30/prospa-float-delayed-after-asic-query


I have a personal feeling that small business loans will at some stage end up under NCC regulations whereby the business will have to prove affordability for the small business loan.

The NCC applies to credit contracts entered into on or after 1 July 2010 where:

• the lender is in the business of providing credit
• a charge is made for providing the credit
• the debtor is a natural person or strata corporation
• the credit is provided:
  • for personal, domestic or household purposes, or
  • to purchase, renovate or improve residential property for investment purposes, or to refinance credit previously provided for this purpose.

They may extend a new regulatory requirement being for (small business loans under $X)

Just my gut feel.