Submission to DSS Discussion Paper on Financial Wellbeing and Capability Activity
Related Projects
Financial Counselling Australia Pre-Budget Submission
Submission to: Federal Government
FCA submission with key recommendations to the government around funding, grants and data collection.
FCA submission with key recommendations to the government around funding, grants and data collection.
Joint consumer submission (Consumer Action, Financial Rights, FCA and Choice) – Exposure Draft consultation on the Corporations Amendment (Design and Distribution Obligations) Regulations 2019
Submission to: Financial Services Reform Taskforce, Treasury
We support DADOs applying as broadly as possible to reduce the number of loopholes in the law (a problem called out in the Financial Services Royal Commission). For example, DADOs should apply to buy now, pay later products. This submission supports the extension of DADOs to basic bank accounts. We argue that proposed exclusions for credit provided for business purposes and pawnbrokers should be removed, so that they are also included in the regime.
We support DADOs applying as broadly as possible to reduce the number of loopholes in the law (a problem called out in the Financial Services Royal Commission). For example, DADOs should apply to buy now, pay later products. This submission supports the extension of DADOs to basic bank accounts. We argue that proposed exclusions for credit provided for business purposes and pawnbrokers should be removed, so that they are also included in the regime.