Ann: Receipt of ASIC interim stop order, page-20

According to that document, humm’s target market is those who meet the following objectives and financial situations:

• Permanent residents of Australia,
• 18 years of age or older,
• Have a permanent job of 20-plus hours per week or are on an aged/veteran’s pension,
• Have a satisfactory credit history, and
• Require the ability to make purchases and manage repayments over a specific period of time for a reasonable fee.

If they meet those criteria, customers can access the financial product and repay a credit limit of up to $30,000, with repayment terms from five fortnightly repayments up to 60 months on a no-interest basis. Various fees can be incurred including establishment fees, monthly account-keeping fees and late fees.

this is from business news australia- I guess maybe there will be few more additional rules added.