National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020

Originating house
House of Representatives
Not Proceeding
Parliament no

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Amends the: National Consumer Credit Protection Act 2009 to: provide that responsible lending obligations apply only to small amount credit contracts, small amount credit contract-equivalent loans provided by authorised deposit-taking institutions (ADIs) and consumer leases; provide the minister with the power to determine standards specifying requirements for a credit licensee's systems, policies and processes in relation to certain non-ADI credit conduct; impose a cap on the total payments that can be made by a lessee in connection with a consumer lease; extend the protected earnings requirement for small amount credit contracts to cover all consumers and introduce a similar protected earnings requirements for consumer leases for household goods; restrict the use and disclosure of account statements; amend requirements for licensees to disclose information to consumers; introduce broad anti-avoidance protections to prohibit schemes that are designed to avoid the application of the Act in relation to small amount credit contracts and consumer leases; and make consequential amendments; and Age Discrimination Act 2004 to exempt the reverse mortgage scheme from the application of the Act.


House of Representatives
Introduced and read a first time 09 Dec 2020
Second reading moved 09 Dec 2020
Second reading debate 24 Feb 2021
Second reading debate 25 Feb 2021
Second reading debate 15 Mar 2021
Second reading agreed to 15 Mar 2021
Third reading moved 15 Mar 2021
Third reading debated 15 Mar 2021
Third reading agreed to 15 Mar 2021
Introduced and read a first time 16 Mar 2021
Second reading moved 16 Mar 2021
Lapsed at end of Parliament 25 Jul 2022

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments


Schedules of amendments

No documents at present

Bills digest


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 changes to the bill. For details about the outcome of proposed amendments please refer to either the 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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