National Credit Reform - Enhancing confidence and fairness in Australia's credit law

This consultation process has now been completed.

Key Documents

This Green Paper initiates the next stage in an important consultation process on the National Consumer Credit Protection Reform. The Paper canvasses community views on a coherent and comprehensive package of potential reform proposals that are being considered as part of Phase Two of the Council of Australian Governments' (COAG) Credit Reform agenda.

The Green Paper sets out key issues for consideration, and in some cases, high level proposals for addressing some of these issues.  The issues cover topics including:

  • credit to small business;
  • credit cards;
  • reverse mortgages;
  • investment lending;
  • small amount short term lending;
  • consumer leases;
  • enhancements to the Credit Act; and
  • coverage of credit under the Credit Act and avoidance practices.

Comments received in response to this paper will inform the Government and COAG in its consideration of the reform proposals and assist development of relevant regulatory options and Regulation Impact Statements. 

The Government looks forward to continue working with industry, the community and the States and Territories in the development of the next phase of these important credit reforms.


No submissions are currently available.