Review of the Privacy (Credit Reporting) Code 2014 (Version 2.1)
Submission to: Office of the Australian Information Commissioner
Related Projects
Federal Inquiry into online gambling and its impacts on those experiencing gambling harm
Submission to: House of Representatives Standing Committee on Social Policy and Legal Affairs
The submission has three parts: Financial Counselling Australia Submission Federal Inquiry into online gambling and its impacts on those experiencing gambling harm (House of Representatives Standing Committee on Social Policy and Legal Affairs), 20 March 2020. Additional submission: Gambling Consumer Statutory duty of care (question on notice) Additional submission: Gambling data vault (question on notice)
The submission has three parts: Financial Counselling Australia Submission Federal Inquiry into online gambling and its impacts on those experiencing gambling harm (House of Representatives Standing Committee on Social Policy and Legal Affairs), 20 March 2020. Additional submission: Gambling Consumer Statutory duty of care (question on notice) Additional submission: Gambling data vault (question on notice)
Financial Sector Reform Bill 2022 Schedule 4: Consumer Credit Reforms
Submission to: Senate Economics Legislation Committee
Joint consumer group submission (led by Consumer Action). The submission strongly supports the passage of Schedule 4 of the Bill which will make consumer credit leases and payday loans safer forms of credit. The key parts of the Bill address the costs of these products which too often trap people in a cycle of debt and cause extensive financial hardship. The Bill would cap the amount of income that a person could spend at 10% of net income for each product (potentially 20% in total). For consumer leases, the Bill would also introduce a monthly cap of 4% on the fees that can be charged. The Bill also includes anti-avoidance provisions.
Joint consumer group submission (led by Consumer Action). The submission strongly supports the passage of Schedule 4 of the Bill which will make consumer credit leases and payday loans safer forms of credit. The key parts of the Bill address the costs of these products which too often trap people in a cycle of debt and cause extensive financial hardship. The Bill would cap the amount of income that a person could spend at 10% of net income for each product (potentially 20% in total). For consumer leases, the Bill would also introduce a monthly cap of 4% on the fees that can be charged. The Bill also includes anti-avoidance provisions.