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

March 2021

© Commonwealth of Australia 2021
ISBN: 978-1-76093-195-7

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Members

Chapter 1—Introduction

  Referral of the inquiry
  Purpose of the bill
  Background and consultation
  Provisions of the bill
  Legislative scrutiny
  Regulatory and financial impact
  Conduct of the inquiry

Chapter 2—Views on the bill

  Responsible lending obligations
  Best interests obligations
  Small amount credit contracts and consumer leases
  Committee view

Dissenting report from Labor Senators

  Schedule 1
  Schedule 2-6
  Recommendations

Dissenting report from the Australian Greens : Apply the law as it stands

  A solution in search of a problem
  Creating a mountain out of a molehill
  The bigger the loan, the easier the money
  A regulatory vacuum
  Conclusion

Appendix 1—Submissions and additional information

Appendix 2—Public hearings

Committee Secretariat contact:

Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
economics.sen@aph.gov.au