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 …
Tag: unsuitability
1.1 — The NCCP Act
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 …
Consumer lending: Direct lending
Recommendation 1.1 – The NCCP Act The NCCP Act should not be amended to alter the obligation to assess unsuitability.