Contributed by: Deemple Budhia and Will Irving
Published on: April 04, 2019
Today saw the introduction in Parliament of the Credit Contracts Legislation Amendment Bill. A full copy of the Bill is now available online. If passed, the intention is for most of the Bill to come into force on 1 March 2020.
The Bill would make a number of significant changes to the Credit Contracts and Consumer Finance Act (CCCFA), including the following:
The next stage in the legislative process is referral to Select Committee.
Please get in touch with one of our experts if you would like to discuss how the proposed changes would affect you or for assistance in preparing a submission to the Select Committee.
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