The National Consumer Credit Protection Legislation Amendment Regulations 2010 (No.3) have been registered.

Amongst other things, the Regulations:

• modify the limited exemption for authorised deposit-taking institutions (ADIs) who provide credit assistance for a credit card product of another ADI (otherwise known as a ‘white label’ arrangement);
• provide temporary transitional relief from some responsible lending obligations for loan applications that have been submitted and loan offers made before 1 January 2011: the exemption ceases on 1 April 2011. This amendment allows ADIs and RFCs to complete loan
  applications which have commenced before responsible lending obligations applied;
• exclude from the definition of credit activity, residential investment property loans of more than $5 million where the loan is for more than one residential property.