Due to COVID-19 Parliament House has limited public access. Bookings are essential for all public visits.

Second Reading Speeches

National Consumer Credit Protection Amendment (Small Amount Credit Contract and Consumer Lease Reforms) Bill 2019

SHARKIE, Rebekha, MP
Originating house
House of Representatives
Not Proceeding
Parliament no

Track (What's this?)



Amends the

National Consumer Credit Protection Act 2009
to: impose a cap on the total payments that can be made under a consumer lease (known as rent-to-buy schemes); require small amount credit contracts (SACCs) (known as payday loans) to have equal repayment and payment intervals; remove the ability for SACC providers to charge monthly fees in respect of the residual term of a loan where a consumer fully repays the loan early; prevent lessors and credit assistance providers from undertaking door-to-door selling of leases at residential homes; introduce anti-avoidance protections; and increase penalties.