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New Bank Risk Policy Simplification

Royal Commission

into Misconduct in the Banking, Superannuation and Financial Services Industry

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  • Final Report
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      • Preface
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Royal Commission| unsuitability

Tag: unsuitability

Completed – No Action Required

August 21, 2019 wordflow

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 Read More …

Implementation Roadmapaction, business, business lending, change, completed, credit, credit contracts, obligation, peak, recommendation, required, unsuitability13 Comments

1.1 — The NCCP Act

August 21, 2019 wordflow

The NCCP Act should not be amended to alter the obligation to assess unsuitability. Government Response The Government agrees to this recommendation and the Commissioner’s findings that ‘not unsuitable’ remains the appropriate standard for responsible lending obligations within the National Read More …

Government Responsefinding, lending, lending obligations, obligation, recommendation, standard, unsuitability87 Comments

Consumer lending: Direct lending

February 12, 2019February 12, 2019 wordflow

Recommendation 1.1 – The NCCP Act The NCCP Act should not be amended to alter the obligation to assess unsuitability.

Recommendations Summaryconsumer, direct, lending, obligation, recommendation, unsuitability30 Comments

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  • Banking
    • Consumer lending: Direct lending
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    • Manner of sale and types of products sold: Hawking
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