Book-up is credit offered by stores and other traders for the purchase of goods or services, which allows you to buy goods now and pay later. Book-up is commonly used by Aboriginal people, especially in regional and remote areas of Australia.
The Australian Securities and Investments Commission (ASIC) regulates most aspects of the financial services industry in Australia, which includes dealing with complaints about misconduct or illegal activity by traders who misuse book-up.
ASIC also works to avoid problems for consumers by identifying problem areas, promoting consumer information and prosecuting traders who break the law.
You can contact ASIC Infoline on 1300 300 630 or email [email protected] ASIC’s consumer website is at www.moneysmart.gov.au.