Pre-Budget Submission re 2020-21 Budget
Submission to: Treasury
Related Projects
NCCP Amendment (Mandatory Comprehensive Credit Reporting) Bill
Submission to: Treasury
This joint consumer group submission responds to proposed legislation to include hardship flags in credit reports. We have long opposed this approach. The submission argues that proposed retention timeframes are too long, that hardship flags should only be visible to credit providers that are making responsible lending assessments and that hardship information should not be incorporated into credit scores.
This joint consumer group submission responds to proposed legislation to include hardship flags in credit reports. We have long opposed this approach. The submission argues that proposed retention timeframes are too long, that hardship flags should only be visible to credit providers that are making responsible lending assessments and that hardship information should not be incorporated into credit scores.
Online Small Business Lenders Code of Practice
Submission to: AFIA
Unlike consumer lending, which is regulated by the National Credit Law, there are relatively few protections for small businesses when they borrow money. The submission therefore supports AFIA’s development of the Online Small Business Lenders Code of Practice. However it argues the Code and its governance require significant strengthening.
Unlike consumer lending, which is regulated by the National Credit Law, there are relatively few protections for small businesses when they borrow money. The submission therefore supports AFIA’s development of the Online Small Business Lenders Code of Practice. However it argues the Code and its governance require significant strengthening.