Buy Now Pay Later Regulatory Reforms
The Law Council of Australia provided a submission in response to the Treasury’s exposure draft legislative package for reform to the regulation of Buy Now, Pay Later (BNPL) arrangements.
The package includes exposure drafts of the:
- Treasury Laws Amendment Bill 2024: Buy now pay later (the Draft Bill) and accompanying Explanatory Memorandum; and
- National Consumer Credit Protection Amendment (Low Cost Credit) Regulations 2024 (the Draft Regulations) and accompanying Explanatory Statement.
The following Committees of the Law Council have provided input into this submission:
- the Financial Services Committee of the Business Law Section (FS Committee); and
- the Australian Consumer Law Committee of the Legal Practice Section (ACL Committee).
Read the full submission below.
Last Updated on 22/04/2024
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