The Australian Competition and Consumer Commission (ACCC) and the Australian Securities and Investments Commission (ASIC) on Tuesday released an updated version of "Debt Collection Guideline: For Collectors and Creditors" - a joint publication to help collectors, creditors and debtors know their rights and obligations.

The publication also is designed to ensure collection activity is undertaken in a way that is "consistent with the important Commonwealth consumer protection laws that the ACCC and ASIC administer."

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