The Federal Treasurer announced today that the Government will not proceed with a number of proposed initiatives which had been announced by the former Labor Government as part of the 2013-14 Budget. Among the initiatives which...

Earlier this year, the District Court of South Australia delivered a decision that now means any debenture, fixed and floating charge or security interest over land must be disclosed in a vendor's statement (commonly known as a 'F...

The Australian Prudential Regulation Authority (APRA) has today released revised proposals on changes to the exemption order under the Banking Act 1959 (Cth) for Religious Charitable Development Funds (RCDFs). These are a respons...

Late yesterday evening Federal Treasury issued an urgent email to interested stakeholders giving clarification as to the boundary, in monetary terms, between Small Amount Credit Contracts (SACCs) and Medium Amount Credit Contracts...

Currently, credit providers and lessors are required under the National Credit Act to provide pre-contractual disclosure of key terms of the proposed contract.  This can be combined with the contract document itself and most ofte...

When the National Consumer Credit Protection Act 2009 ("NCA") came into effect on 1 July 2010, retailers involved in arranging point of sale ("POS") finance were declared exempt from that legislation (see Regulation 23 and 23A o...