AFIA Buy Now Pay Later Code of Practice

AFIA and its BNPL members have come together and propose to release a Code of Practice for the BNPL sector.

AFIA conducted six-week public consultation which was formally extended until 6 May 2020 due to the COVID-19 crisis. As part of the consultation process it was important to give additional time to key stakeholders to provide feedback.

The BNPL providers, who under AFIA’s guidance have drafted the Code, represent over 95 percent of the BNPL market including Afterpay, Brighte, Humm Group, Klarna, Latitude, Openpay, Payright and Zip Co

A world-first for the BNPL sector, the draft Code is in direct response to ASIC’s review of the BNPL sector (ASIC Report 600) and an inquiry conducted by the Senate Economics Reference Committee, which recommended the development of a BNPL Code of Practice.

AFIA aims to have the Code operating by 1 March 2021. For more information about the Code email

See Media Release for more detail.


Code of Practice

This code has been voluntarily developed by the AFIA Buy Now Pay Later Providers Group to promote high industry standards of service for customers and build best practices across the BNPL Industry.

Terms of Reference

The Code Compliance Committee is a committee of the Board established under the provisions of the Constitution.


Frequently Asked Questions

Answers to Frequently Asked Questions (FAQs) for the Buy Now Pay Later Code of Practice can be found at the below link.