Revised Annotated National Credit Code 7th edition is an essential guide to consumer credit regulation in Australia.
It is a user-friendly practical guide for businesses, regulators, external dispute resolution schemes, consultants, compliance officers, credit agencies, consumer advocates and legal practitioners.
This new edition provides a comprehensive update on issues involving unfair contract terms, product intervention orders, ePayments, small amount credit contracts and consumer leases.
It includes commentary on substantive amendments to the National Consumer Credit Protection Act 2009 and the National Consumer Credit Protection Regulations 2010.
Features
Summarises Australias consumer credit protection regime, i.e., relevant Acts, Regulations, Regulatory Guides, and Information Sheets
Provides commentary on the new regulations pertaining to:
obtaining and considering information to verify financial situation of consumerssmall amount credit contractsincome requirements
Consumer leases for household goods income requirementsconstrained documents and constrained informationavoidance schemes
Disclosure of information in consumer leases for household goodsbase price of goods
Provides detailed overviews of the NCCP Act regime and the National Credit CodeIncludes updated information on the ASIC licensing system, responsible lending requirements, responsibilities of credit providers, credit enforcement issues and penalty for breaches
Includes a summary of and commentary on the legislative response to the Banking Royal Commissions
Content is current to 1 July 2023
