National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43
Summary
Amends the:
National Consumer Credit Protection Act 2009
to: require licensed credit providers to provide a Key Facts Sheet for standard home loans to consumers; require credit providers to provide a Key Fact Sheet for credit card contracts; restrict when credit providers can make unsolicited invitations to borrowers to increase the credit limit on a credit card; restrict the approval of the use of credit cards to obtain amounts in excess of the credit limit; prohibit fees being charged when the credit limit is exceeded (unless agreed to by the card holder); and provide for an order of application of payments made under credit card contracts; and
National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009
to make consequential amendments.

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Progress

House of Representatives
Introduced and read a first time 24 Mar 2011
Second reading moved 24 Mar 2011
Second reading debate 20 Jun 2011
Second reading debate 21 Jun 2011
Second reading debate 22 Jun 2011
Second reading agreed to 22 Jun 2011
Consideration in detail debate
  • Amendment details: 12 Government agreed to
22 Jun 2011
Third reading agreed to 22 Jun 2011
Senate
Introduced and read a first time 23 Jun 2011
Second reading moved 23 Jun 2011
Second reading debate 04 Jul 2011
Second reading agreed to 04 Jul 2011
Committee of the Whole debate 04 Jul 2011
Third reading agreed to 04 Jul 2011
Text of bill as passed both Houses 04 Jul 2011
Assent
  • Act no.: 84
  • Year: 2011
25 Jul 2011

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

House of representatives

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Senate

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Schedules of amendments

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Bills digest

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Notes

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Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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