Coronavirus (COVID-19) updates from the Australian Government

Credit cards: improving consumer outcomes and enhancing competition

This consultation process has now been completed. Submissions available
Date
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Consultation Type
Consultation Paper

Key Documents

The Treasurer, the Hon Scott Morrison MP, released for public consultation the Government’s response to the Senate Economics References Committee Inquiry into matters relating to credit card interest rates.

The Government’s response outlines reforms to provide greater legislative protection to vulnerable consumers, to exert more competitive pressure on credit card issuers and to provide consumers with the information they need to make the best choices about how they use their credit cards.

Submissions

17 submissions were received for this consultation, including 1 confidential submission.