It is expected that the National Consumer Credit Protection Amendment Regulations 2011 (No. 4) will be made today, extending the exemption from the obligation by a credit licensee or a credit representative to provide credit disclosure documents (credit guide, credit proposal disclosure document and quote for providing credit assistance) in Regulation 28N (5) from 1 August 2011 to 1 October 2011.

The Regulations are also expected to provide further guidance about what must be included in credit guides of credit assistance providers, mortgage managers and product designers and credit representatives (especially commissions, fees and charges) and clarify other disclosure obligations under the National Credit Act.

The scope of exemptions from providing disclosure documents for franchisees, debt collectors and intermediaries will be clarified.