Corrs In Brief: Overview of the National Consumer Credit Protection Amendment (Credit Cards and Home Loans) Bill 2011
4th Mar 2011
Today the Treasury released for industry consultation an exposure draft of the National Consumer Credit Protection (Credit Cards and Home Loans) Bill 2011. The draft bill formalises a number of the key credit card and home loan reforms announced by the Treasurer in December last year.
A consultation period of just 3 days has been allowed by Treasury for these important reforms. A consultation period of 3 weeks has been allowed for draft disclosure documents proposed under the reforms.