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Review of small amount credit contracts – Final report

Key documents

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 Government established the Review of the SACC laws on 7 August 2015, and the then Assistant Treasurer released  the terms of reference.

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.