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Bills of previous Parliaments

Although every effort is made to ensure the accuracy of bills homepages, the authoritative sources for verifying the progress of bills are the House of Representatives Votes and Proceedings and the Journals of the Senate.

National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: National Consumer Credit Protection Act 2009 to: require licensed credit providers to provide a Key Facts Sheet for standard home loans to consumers; require credit providers to provide a Key Fact Sheet for credit card contracts; restrict when credit providers can make unsolicited invitations to borrowers to increase the credit limit on a credit card; restrict the approval of the use of credit cards to obtain amounts in excess of the credit limit; prohibit fees being charged when the credit limit is exceeded (unless agreed to by the card holder); and provide for an order of application of payments made under credit card contracts; and National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 to make consequential amendments.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 24/03/11  
Second reading moved 24/03/11  
Second reading debate 20/06/11  
Second reading debate 21/06/11  
Second reading debate 22/06/11  
Second reading agreed to 22/06/11  
Consideration in detail debate 22/06/11 Amendment details: 12 Government agreed to
Third reading agreed to 22/06/11  
     
Senate
Introduced and read a first time 23/06/11  
Second reading moved 23/06/11  
Second reading debate 04/07/11  
Second reading agreed to 04/07/11  
Committee of the Whole debate 04/07/11  
Third reading agreed to 04/07/11  
     
Text of bill as passed both Houses 04/07/11  
Assent 25/07/11 Act no.: 84 of 2011
     

Text of bill

  • First reading

MS-Word PDF HTML
  • Third reading

MS-Word PDF HTML
  • As passed by both Houses

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML
  • Supplementary explanatory memorandum

MS-Word PDF HTML
  • Revised explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet CA205]

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  • Non-Government
BANDT, Adam, MP

MS-Word PDF HTML
Senate
  • Independent [sheet 7110]
XENOPHON, Sen Nick

MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (10/05/2011): House Standing Committee on Economics
  • Committee report (15/06/2011)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )