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Text of bill | Explanatory memoranda | Second reading speeches | Proposed amendments | Schedules of amendments | Bills Digest

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.

Consumer Credit Legislation Amendment (Enhancements) Bill 2012


Previous citations:

Consumer Credit and Corporations Legislation Amendment (Enhancements) Bill 2011


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the National Consumer Credit Protection Act 2009 to: enable certain debtors to seek a credit contract variation; provide for a remedy for unfair or dishonest conduct by credit service providers; restrict the use of particular phrases or words; expand the range of remedies available to consumers; provide the Australian Securities and Investments Commission with standing to apply to court for an order regardless of whether a civil remedy is available under another provision; and make amendments in relation to: reverse mortgage contracts; short-term and small amount credit contracts; tiered caps on costs for credit contracts; and consumer leases. Also amends the: National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 to make application provisions; and Competition and Consumer Act 2010 to make technical 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 21/09/11  
Second reading moved 21/09/11  
Second reading debate 26/06/12  
Second reading agreed to 26/06/12  
Consideration in detail debate 26/06/12 Amendment details: 69 Government agreed to
Third reading agreed to 26/06/12  
     
Senate
Introduced and read a first time 14/08/12  
Second reading moved 14/08/12  
Second reading debate 20/08/12  
Second reading agreed to 20/08/12  
Committee of the Whole debate 20/08/12  
Third reading agreed to 20/08/12  
     
Text of bill as passed both Houses 20/08/12  
Assent 17/09/12 Act no.: 130 - Year: 2012
     

[Information on document types]

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

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  • Revised explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

House of Representatives
  • Government [sheet BV273]

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  • Government [sheet BV249]

 MS-Word PDF HTML
Senate
  • Australian Greens [sheet 7260]
HANSON-YOUNG, Sen Sarah

 MS-Word PDF HTML

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (22/09/2011): Senate Economics Legislation Committee; Committee report (07/12/2011)
  • Referred to Committee (22/09/2011): Parliamentary Joint Committee on Corporations and Financial Services; Committee report (13/2/2012)
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)