The ACCC and ASIC have charted a course through the complex waters of debt collection practices with a detailed guideline that serves as a navigational tool for collectors and creditors. This guideline outlines how these agencies enforce Commonwealth consumer protection laws, including those pertinent to debt collection, ensuring all parties steer clear of legal reefs. Key definitions such as ‘debt’ and ‘debtor’ are illuminated in this document, including provisions for alleged debts and debtors, making it a vital compass for understanding the legal landscape. Appendices provide a deeper dive into the responsibilities of each agency and a glossary of terms, helping stakeholders navigate through these regulatory currents with confidence and compliance.