Consumer Credit Reforms
The submission to the Treasury in relation to Consumer Credit Reforms was prepared by the Australian Consumer Law Committee of the Legal Practice Section.
The Australian Consumer Law Committee welcomes the opportunity to comment on:
- the draft National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020 (the draft Bill);
- the draft National Consumer Credit Protection Amendment (A New Regulatory Framework for the Provision of Consumer Credit) Regulations 2020 (the draft Regulations); and
- the draft National Consumer Credit Protection (Non-ADI Credit Standards) Determination 2020 (the draft Determination) (collectively, the draft Reforms).
You can read the full submission below.