Licensing Debt Management Firms: Exposure Draft Regulations
Related Projects
Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024
Submission to: Senate Economics Legislation Committee
Joint submission response to proposed legislation to BNPL laws addressing Schedule 2 of the Bill. If passed, it would regulate BNPL as a low cost credit product (LCCC) under the National Consumer Credit Protection Act 2009 (NCCPA). It would also apply key protections to BNPL that are fundamental to safe access to credit, and bring these protections closer to what is mandated across the regulated credit industry.
Joint submission response to proposed legislation to BNPL laws addressing Schedule 2 of the Bill. If passed, it would regulate BNPL as a low cost credit product (LCCC) under the National Consumer Credit Protection Act 2009 (NCCPA). It would also apply key protections to BNPL that are fundamental to safe access to credit, and bring these protections closer to what is mandated across the regulated credit industry.
Consultation on Better Banking for Vulnerable Customers
Submission to: Australian Banking Association
Submission calls for the Banking Code of Practice to include among other changes: further principles and specific provisions to better protect vulnerable people; to more imaginatively set out critical information that people need to know instead of relying on the “fine print”; training for staff to help them ask direct questions about relevant personal characteristics that leave a person more vulnerable; and providing actual access in remote areas, such as pop-up banking.
Submission calls for the Banking Code of Practice to include among other changes: further principles and specific provisions to better protect vulnerable people; to more imaginatively set out critical information that people need to know instead of relying on the “fine print”; training for staff to help them ask direct questions about relevant personal characteristics that leave a person more vulnerable; and providing actual access in remote areas, such as pop-up banking.