Deferral of changes to door-to-door selling of credit

The Consumer Credit and Corporations Legislation Amendment (Enhancements) Bill 2011 does not contain the extension on restrictions of to door-to-door selling of credit proposed in the Exposure Draft.

Currently section 156 of the National Credit Code prohibits the canvassing of credit at places of residence, without prior invitation.

The Exposure Draft extended that prohibition to uninvited visits to sell goods or services on credit or by consumer leases.

At a recent seminar, a Treasury representative said that further consultation is to be undertaken before deciding on whether the changes would be made.

 

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