23 September 2020
MEDIA RELEASE CALC 22 SEPT 2020
A Senate Committee has handed down its final report on proposed reforms to payday loans and consumer leases in the National Consumer Credit Protection Amendment (Small Amount Credit Contract and Consumer Lease Reforms) Bill 2019 (No. 2), otherwise known as the SACC Bill.
The Committee recommended the Government 'progress sensible reform and strengthen regulation in the area of small amount credit contracts and consumer leases'. The Committee also ...
30 April 2020
Please see below an extract from the House of Assembly Hansard from yesterday:
Small Amount Credit Contracts The Hon. V.A. CHAPMAN (BraggDeputy Premier, Attorney-General) (15:25):
I rise today to raise an issue regarding the effects on constituents in all our electorates of payday lending and consumer leases, also known as small amount credit contracts. As COVID-19 affects many South Australians' employment and financial affairs, it is expected that the demand for finance will rise....