Completed – No Action Required

Recommendation 1.1 – No change to the National Consumer Credit Protection Act 2009 (NCCP Act)

The Government agreed not to amend the NCCP Act obligation to assess unsuitability of credit contracts.

Recommendation 1.9 – No extension of the NCCP Act to small business lending

The Government agreed not to extend the NCCP Act to small business lending.

Recommendation 6.1 – Retain twin peaks

The Government committed to retain the twin peaks model of financial regulation.