National Consumer Credit Protection Amendment (Credit Reform Phase 2) Bill 2012

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

Key Documents

The Hon Bill Shorten MP, has released for public consultation draft legislation to give effect to Part 2 of Phase 2 of the National Credit Reforms.

The exposure draft Bill introduces reforms in relation to:

  • Credit provided to small business (submissions deferred - see Making a Submission for further details);
  • Credit provided for investment purposes;
  • Some forms of private lending;
  • Short-term and indefinite term consumer leases;
  • The regulation of practices which seek to avoid the operation of the national credit law.

Please note: There are two versions of the exposure draft of the National Consumer Credit Protection Amendment (Credit Reform Phase 2) Bill, one without annotations, and one including questions and commentary inserted adjacent to relevant provisions.


17 submissions were received for this consultation, including 3 confidential submissions.

AMP Financial - pdf 678.51 KB
Angas Securities - pdf 225.84 KB
ANZ - pdf 104.59 KB
Fixed Charter Lending - pdf 748.66 KB
GE Capital - pdf 389.88 KB
Joint Accounting Bodies - pdf 187.53 KB
K & L Gates - pdf 35.96 KB
Law Council of Australia - pdf 167.03 KB
Nexus - pdf 615.58 KB