More National Consumer Credit Protection Amendment Regulations

The Minister for Financial Services, Superannuation and Corporate Law has announced the making of further regulations finetuning the new scheme:

The Amendment Regulations include:

  • Exemption for special purpose funding entities
  • Arrangements for unlicensed lenders and lessors with carried over instruments
  • form changes
  • indexation for fees.

Further regulations are proposed to be issued in June and July to cover the following matters:

  • an additional exemption for referrers where they pass on a consumer’s contact details directly to a licensee or registered person;
  • clarification of the treatment of locums and temporary employees;
  • transitional arrangements for residential investment property loans; and
  • minor technical amendments.
Print Friendly, PDF & Email

Your Compliance Support Plan

We understand you need a cost-effective way to keep up to date with regulatory changes. Talk to us about our fixed price plans.