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Bills of the current Parliament

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National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020

Originating house
House of Representatives
Before Senate


Amends the: National Consumer Credit Protection Act 2009 to: provide that responsible lending obligations apply only to small amount credit contracts, small amount credit contract-equivalent loans provided by authorised deposit-taking institutions (ADIs) and consumer leases; provide the minister with the power to determine standards specifying requirements for a credit licensee's systems, policies and processes in relation to certain non-ADI credit conduct; impose a cap on the total payments that can be made by a lessee in connection with a consumer lease; extend the protected earnings requirement for small amount credit contracts to cover all consumers and introduce a similar protected earnings requirements for consumer leases for household goods; restrict the use and disclosure of account statements; amend requirements for licensees to disclose information to consumers; introduce broad anti-avoidance protections to prohibit schemes that are designed to avoid the application of the Act in relation to small amount credit contracts and consumer leases; and make consequential amendments; and Age Discrimination Act 2004 to exempt the reverse mortgage scheme from the application of the Act.

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 09/12/20  
Second reading moved 09/12/20  
Second reading debate 24/02/21  
Second reading debate 25/02/21  
Second reading debate 15/03/21  
Second reading agreed to 15/03/21  
Third reading moved 15/03/21  
Third reading debated 15/03/21  
Third reading agreed to 15/03/21  
Introduced and read a first time 16/03/21  
Second reading moved 16/03/21  

Text of bill

  • First reading


Explanatory memoranda

  • Explanatory memorandum


Second reading speeches

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest