You have a link to the news article, nothing on ASICs site that...

You have a link to the news article, nothing on ASICs site that I can find.

With APT, it would appear they do not want to receive late payments from consumers, and it is likely not in their business model to try and have this occur. In fact some of their negative reviews are from people who aren't allowed to use the service due to late payments.

If you look into the regulation they don't fall under the same rules as credit providers. I do believe there is a possible regulatory risk with the company, however I'm not sure what the difference is between APT and any other installment type plan (say mobile phone repayments on a contract).