National Consumer Credit Protection Amendment (Credit Reform Phase 2) Bill 2012

The Hon Bill Shorten MP, has released for public consultation draft legislation to give effect to Part 2 of Phase 2 of the National Credit Reforms.

The exposure draft Bill introduces reforms in relation to:

Credit provided to small business;
Credit provided for investment purposes;
Some forms of private lending;
Short-term and indefinite term consumer leases;
The regulation of practices which seek to avoid the operation of the national credit law.

Please note: There are two versions of the exposure draft of the National Consumer Credit Protection Amendment (Credit Reform Phase 2) Bill, one without annotations, and one including questions and commentary inserted adjacent to relevant provisions.

Making a Submission

Interested parties are invited to comment on the exposure draft.

While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.

Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Friday, 1 March 2013

Address written submissions to:

Manager
Disclosure and International Unit
Retail Investor Division
The Treasury
Langton Crescent
PARKES ACT 2600

Email: creditphase2bill@treasury.gov.au

For enquiries please call Christian Mikula (02) 6263 2046 .

Key Documents

Exposure Draft 291KB 2MB
Exposure Draft with Questions & Commentary 378KB 7MB
Questions for stakeholders 118KB 133KB
Consultation Draft 1MB 819KB
Commentary 140KB 106KB
Draft application form 343KB

Make a Submission

Submit Online

Alternatively submit via post 60KB