Contributed by: Deemple Budhia and Will Irving
Published on: April 04, 2019
Today saw the introduction in Parliament of the Credit Contracts Legislation Amendment Bill. A full copy of the Bill is now available online. If passed, the intention is for most of the Bill to come into force on 1 March 2020.
The Bill would make a number of significant changes to the Credit Contracts and Consumer Finance Act (CCCFA), including the following:
The next stage in the legislative process is referral to Select Committee.
Please get in touch with one of our experts if you would like to discuss how the proposed changes would affect you or for assistance in preparing a submission to the Select Committee.
This publication is intended only to provide a summary of the subject covered. It does not purport to be comprehensive or to provide legal advice. No person should act in reliance on any statement contained in this publication without first obtaining specific professional advice. If you require any advice or further information on the subject matter of this newsletter, please contact the partner/solicitor in the firm who normally advises you, or alternatively contact one of the partners listed below.
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