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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.

240628 Submission BNPL Senate Committee
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