UCCC to NCCP Changes
The introduction of national regulation of consumer credit involves changes to the existing Uniform Consumer Credit Code which will have implications for lenders and brokers alike. While the National Consumer Credit Protection Act (NCCP) largely replicates the content...
Impending ASIC Regulation
“You must stop engaging in credit activities until you either become registered or have an Australian credit licence.” - ASIC As registration draws near for any business or individual involved in lending, finance broking or credit, you will need to decide if you are...
Industry Benefits – Credit Reform
How the proposed consumer credit laws will benefit the industry Reduce duplication, red tape and compliance costs as eight sets of regulation are replaced with one national scheme Cut up to 2,500 pages of inconsistent laws down to one comprehensive national regime...
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