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National Consumer Credit Protection Legislation
Author: Gadens Staff

ISBN: 9780455228938
Format: Paperback
Published: 8 November 2010
Country of Publication: AU
Description:
The Consumer Credit Protection Reform package makes a significant change to the regulation of lending, and for businesses involved in marketing, making, managing, and recovering loans and consumer leases. This new book covers the package, which sees oversight and control move from the States and Territories to the national regulator, ASIC.

New regulatory challenges face lenders and intermediaries, and those advising them. Obligations arise under a web of new legislation, hold-over State and Territory legislation, industry codes and regulator policy, with severe civil and criminal penalties for non-compliance. Challenges include establishing robust processes, compulsory EDR membership and adapting to regulation of loans for residential property for investment purposes.

Assisting you to come to grips with a law which includes severe civil and criminal penalties for non-compliance, Thomson Reuters offers a legislation handbook which includes the following Acts and Regulations, current to 1 October 2010:
National Consumer Credit Protection Act 2009
National Consumer Credit Protection Regulations 2010
National Consumer Credit Protection (Fees) Act 2009...

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