The Senate Economics Legislation Committee has published its report on the National Consumer Credit Protection Amendment (Small Amount Credit Contract and Consumer Lease Reforms) Bill 2019 (No. 2).

The majority report recommends that the Senate not pass the private members’ Bill.

The bill replicates the Government’s exposure draft legislation that was released for consultation in October 2017. Background.

The report notes that on four occasions between February 2018 and September 2019, bills that replicated the provisions of the exposure draft legislation were introduced to the House of Representatives by non-government members but not allowed to proceed.

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Author: David Jacobson
Principal, Bright Corporate Law
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The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.