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.