Buy Now Pay Later regulatory reforms

This consultation process has now been completed. Submissions available
Consultation Type
Draft Legislation

Key Documents

Following previous consultation on the proposed regulation of Buy Now, Pay Later (BNPL) arrangements, the Australian Government has released an exposure draft legislative package for public comment.

The package comprises a draft bill accompanied by an explanatory memorandum and draft regulations accompanied by an explanatory statement.

The draft legislation amends the National Consumer Credit Protection Act 2009 and the National Consumer Credit Protection Regulations 2010 to bring BNPL into the existing regulatory framework for other credit products.

The amendments are intended to ensure that BNPL is regulated in a way that is:

  • flexible
  • adaptable
  • proportionate to the risk of consumer harm.

Certain technical and operational provisions (including those dealing with the application, commencement and technological neutrality of the reforms) have been omitted for consultation.

The government welcomes interested parties to provide feedback on the effectiveness of the draft legislation.


27 submissions were received for this consultation, including 4 confidential submissions.