Elepay Clears ASIC Audit, Strengthening Commitment to Compliance and Customer Protection
2024年9月27日 - 10:07AM
ビジネスワイヤ(英語)
Elepay, Australia’s leading Pay Later service for property
owners, has successfully completed a comprehensive review by an
independent expert following an Australian Securities and
Investments Commission (ASIC) order from February 2024. The review,
which examined nearly 4,000 files spanning over the past three
years, was conducted under the terms of the Customer Experience
Unit (CEU) to assess Elepay's compliance.
Following an extensive audit and reporting process, Elepay
received the "all clear" from ASIC on Friday, September 20th, 2024.
ASIC’s senior investigation team concluded that, based on the
independent expert’s findings, no further inquiries were necessary.
The CEU process is now complete, with Elepay successfully
demonstrating that no breaches occurred.
Gino De Pasquale, CEO and Founder of Elepay, expressed
his satisfaction with the outcome, stating, “From day one, Elepay
has always adhered to the relevant industry regulations. It has
been a top priority for us to build robust systems and processes
that ensure compliance with regulatory and consumer protection
laws. While I was always confident in our governance and
compliance, I’m certainly relieved that we have received the ‘all
clear’ notice from ASIC. Nothing changes for us—we remain just as
vigilant and committed to protecting our customers and following
the rigorous laws and governance set by the codes.”
Gino added, “I’m particularly proud that Elepay’s CEU audit was
completed in just six months, compared to other financial services
companies that are well into their second year of CEU reviews. Our
focus on co-operation and supplying all the data and reports to our
independent expert from the outset has paid off. We’ve always been
confident in our processes, and our happy customers over the last
five years are a testament to that.”
Reflecting on the process, Gino commented that while the CEU
audit was an intense period of scrutiny, it provided valuable
opportunities for growth and reflection. “Like most things in life,
when you’re made to reflect and critique, as we were during the
ASIC CEU process, there’s always room for growth and re-evaluation.
Over the past eight months, we’ve taken every opportunity to
re-evaluate our business and identify areas where we can go from
good to great.”
Elepay’s successful completion of the CEU process underlines its
ongoing commitment to consumer protection, regulatory compliance,
and delivering value to property owners across Australia.
About Elepay
Elepay is a leading Pay Later specialist, exclusively serving
Australian property owners. With over 400 authorized partners
offering Elepay's services, the company has become a preferred
solution for property stylists, renovation-to-sell businesses, and
many other service providers who offer customers the option to
defer any upfront property-related expenses. A unique feature of
Elepay's business model is its ability to provide property owners
with fast access to funds—up to $50,000 within hours, or up to
$500,000 within days. Customers can enter the Elepay ecosystem
either through an authorized partner or directly, receiving funds
within 48 hours of approval.
Elepay remains committed to promoting and protecting the
interests of Australian property owners.
“The journey has just begun,” says Gino De Pasquale, CEO and
Founder.
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Public Relations Director Elepay 1300 019 417 info@elepay.com.au
www.elepay.com.au