The Government has released the Final Report of the independent Review of Small Amount Credit Contracts (SACCs) for consultation. The Final Report made 24 recommendations relating to the SACC and consumer leasing laws.
The Government is also consulting on whether the recommendations relating to consumer leases should apply to all regulated consumer leases (including motor vehicles) rather than only leases of household goods, and how second hand goods should be treated.
The Review was chaired by Ms Danielle Press. The panel members for the Review were Ms Catherine Walter AM and Mr Stephen Cavanagh.
The panel provided the Final Report to the Government on 3 March 2016.