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Wednesday, 3 November 1976
Page: 2328

Mr Jacobi (HAWKER, SOUTH AUSTRALIA) asked the Attorney-General, upon notice:

How does the Government propose to overcome conflicts between the Bills of Exchange Act and the proposed uniform consumer credit legislation based on the Molomby Report on Fair Consumer Credit Laws.

Mr Ellicott - The answer to the honourable member's question is as follows:

I assume that the Honourable Member has in mind the recommendation in the Molomby Report that a cheque given by a consumer to a credit provider as security should b e made non-transferable.

I am informed that this matter has been the subject of discussion in the Credit Laws Committee functioning under the Standing Committee of Attorneys-General. I am also informed that several possibilities for achieving the protection desired by the Molomby Committee have been under consideration, but no decision has yet been made on them.

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