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Article: National Consumer Credit Reform.
- Article from:
- Mondaq Business Briefing
- Article date:
- May 1, 2009
- Author:
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Article by Ashley Pelman and Matthew Vicars
On 27 April 2009 the Federal Government released the exposure draft National Consumer Credit Protection Bill 2009 ("NCCP Bill") and the National Consumer Credit Protection (Transitional and Consequential Provisions) Bill 2009 (collectively referred to as "Draft Legislation"). The Draft Legislation represents phase one of the Federal Government's National Consumer Credit ("NCC") Reform Package which was announced in October 2008.
In the Draft Legislation, the Federal Government proposes to:
assume responsibility for credit regulation in Australia by enacting the Uniform Consumer Credit Code ("UCCC") as ...