House of Representatives Committees

| House of Representatives Standing Committee on Economics

Footnotes

Chapter 1 Introduction

[1] Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, p. 5.

[2] Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, p. 5.

[3] Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, p. 5.

[4] The Hon. Mr Wayne Swan, Treasurer, House of Representatives Hansard, 24 March 2011, p. 3137.

[5] Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, pp. 5-6.

[6] The Hon. Mr Wayne Swan, Treasurer, House of Representatives Hansard, 24 March 2011, pp. 3138-9.

[7] The Hon. Mr Wayne Swan, Treasurer, House of Representatives Hansard, 24 March 2011, p. 3137.

[8] Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, p. 4.

[9] Australian Government, Explanatory Memorandum, National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011, p. 4.

[10] Mr Richard Brading, Wesley Mission, Committee Hansard, 25 May 2011, Canberra, p. 24.

[11] Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 10.

[12] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 15.

[13] Visa, Submission 11, p. 3.

[14] Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 25.

[15] Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 26.

[16] Mr Rod Masson, Finance Sector Union of Australia, Committee Hansard, 25 May 2011, Canberra, p. 44.

[17] Mr Richard Brading, Wesley Mission, Committee Hansard, 25 May 2011, Canberra, p. 28; Abacus Australian Mutuals (Abacus), Submission 4.1, p. 1.

[18] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 36.

[19] In evidence, Abacus stated that the mutuals sector is less aggressive than banks in relation to credit cards: Mr Mark Degotardi, Abacus, Committee Hansard, 25 May 2011, Canberra, p. 40.

[20] Consumer Action Law Centre, Submission 12, p. 2.

[21] Consumer Action Law Centre, Submission 12, p. 2.

[22] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 9.

[23] Mr Christian Mikula, Treasury; Mr Richard Brading, Wesley Mission, and Ms Carolyn Bond, Consumer Action Law Centre; Committee Hansard, 25 May 2011, Canberra, pp. 11 and 28.

[24] Mr Richard Brading, Wesley Mission, Committee Hansard, 25 May 2011, Canberra, p. 28.

[25] Ms Carolyn Bond, Consumer Action Law Centre, Committee Hansard, 25 May 2011, Canberra, p. 28.

[26] Mr Steven Munchenberg, ABA; Mr Richard Brading, Wesley Mission; Committee Hansard, 25 May 2011, Canberra, pp. 17 and 28.

[27] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 15.

[28] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 18.

[29] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 15.

[30] Mr Christian Mikula, Treasury; Mr David Coorey, National Legal Aid; Ms Karen Cox, Consumer Credit Legal Centre; Committee Hansard, 25 May 2011, Canberra, pp. 37, 25, and 29.

[31] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 37.

[32] Ms Carolyn Bond, Consumer Action Law Centre, Committee Hansard, 25 May 2011, Canberra, p. 30.

[33] Mr Christian Mikula, Treasury, Committe Hansard, 25 May 2011, Canberra, p. 36.

[34] Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 14.

[35] ABA, submission on exposure draft Bill, p. 1.

[36] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 9.

Chapter 2 Analysis of the Bill

[1] Abacus, Submission 4, p. 2; ABA, Submission 9, p. 11; AFC, Submission 7, p. 2.

[2] Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 4.

[3] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 5.

[4] Mr Christian Mikula, Treasury,Committee Hansard, 25 May 2011, Canberra, p. 4.

[5] Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, p. 33.

[6] ABA, Submission 9.1, p. 2.

[7] Abacus, Submission 4, p. 2; ABA, Submission 9, p. 11; AFC, Submission 7, p. 2.

[8] Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, p. 33.

[9] AFC, Submission 7, pp. 1-2; GE Capital, Submission 8, pp. 1-2; ABA, Submission 9, pp. 3-4; Visa, Submission 11, pp. 2-3.

[10] <http://www.alp.org.au/agenda/more---policies/fairer-simpler-banking/> viewed 8 June 2011.

[11] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 15.

[12] ABA, Submission 9, p. 3.

[13] ABA, Submission 11, p. 3; Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, pp. 38-39.

[14] Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 23.

[15] Mr Adam Wand, Visa, Committee Hansard, 25 May 2011, Canberra, p. 37.

[16] Mr Adam Wand, Visa, Committee Hansard, 25 May 2011, Canberra, p. 37.

[17] Mr Adam Wand, Visa, Committee Hansard, 25 May 2011, Canberra, p. 39.

[18] Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, p. 39.

[19] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 16.

[20] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 16.

[21] Mr Adam Wand, Visa, Committee Hansard, 25 May 2011, Canberra, pp. 38-39; Visa, Submission 11, p. 1.

[22] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 12.

[23] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 12.

[24] Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 13.

[25] Treasury, Submission 13, p. 1.

[26] Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 27.

[27] Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 26.

[28] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 17.

[29] ABA, Submission 9.1, p. 1

[30] ABA, Submission 9, p. 8.

[31] AFC, Submission 7, p. 1.

[32] Abacus, Submission 4, p. 2.

[33] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 9.

[34] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 9.

[35] Mr Adam Wand, Visa, Committee Hansard, 25 May 2011, Canberra, p. 34.

[36] Weslely Mission, Submission 10, p. [4]; ABA, Submission 9, p. 9.

[37] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 9.

[38] ABA, Submission 9, p. 5; Abacus, Submission 4, p. 3; GE Capital, Submission 8, Appendix pp. 3-4.

[39] ABA, Submission 9, p 4.

[40] Abacus, Submission 4, p. 3.

[41] GE Capital, Submission 8, Appendix pp. 3-4.

[42] ABA, Submission 9, p. 4; Mr Degotardi, p. 40.

[43] Mr Luke Lawler, Abacus, Committee Hansard, 25 May 2011, Canberra, p. 40.

[44] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 19.

[45] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 22.

[46] Ms Carolyn Bond, Consumer Action Law Centre, Committee Hansard, 25 May 2011, Canberra, p. 25.

[47] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p .6.

[48] Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 6.

[49] Mr Stephen Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 22.

[50] ABA, Submission 9, pp. 6-7.

[51] ABA, Submission 9, p. 6.

[52] Mr Christian Mikula, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 3.

[53] Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 4.

[54] Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, p. 35.

[55] Ms Karen Cox, Consumer Credit Legal Centre, Committee Hansard, 25 May 2011, Canberra, p. 26; Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 22.

[56] Wesley Mission, Submission 10, p. [6].

[57] Mr Geoff Miller, Treasury, Committee Hansard, 25 May 2011, Canberra, p. 3.

[58] Wesley Mission, Submission 10, p. [6].

[59] Ms Helen Gordon, AFC, Committee Hansard, 25 May 2011, Canberra, p. 34.

[60] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 16.

[61] Mr Steven Munchenberg, ABA, Committee Hansard, 25 May 2011, Canberra, p. 18.

[62] Mr Richard Brading, Wesley Mission, Committee Hansard, 25 May 2011, Canberra, p. 27.

[63] Ms Carolyn Bond, Consumer Action Law Centre, Committee Hansard, 25 May 2011, Canberra, p. 27.