ASIC has banned household goods rental company Ray Rentals Pty Ltd, and its sole director, Mr Amandeep Sharma, from offering credit for four years. Between 23 May 2012 and 24 July 2012, Ray Rentals was found to have offered household items on “rent to buy” terms to 111 people, many of whom lived in remote indigenous communities. Ray Rentals provided such credit without an Australian credit licence – a contravention under the National Consumer Credit Protection Act.