Summary
Amends the National Consumer Credit Protection Act 2009 to: enable certain debtors to seek a credit contract variation; provide for a remedy for unfair or dishonest conduct by credit service providers; restrict the use of particular phrases or words; expand the range of remedies available to consumers; provide the Australian Securities and Investments Commission with standing to apply to court for an order regardless of whether a civil remedy is available under another provision; and make amendments in relation to: reverse mortgage contracts; short-term and small amount credit contracts; tiered caps on costs for credit contracts; and consumer leases. Also amends the: National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 to make application provisions; and Competition and Consumer Act 2010 to make technical amendments.