Decision on Safe Lending Laws Deferred Until After Federal Budget

Written on the 31 March 2021 by Kelly Higgins

While Treasurer Josh Frydenberg may have wanted the National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill to have been passed by now, SAFCA is hoping it will not be resurrected in the Senate after Easter after its recent delay. 

With May being the earliest it can return to parliament, we plan to join other concerned agencies in April in meeting with the Consumer Action Law Centre to plan our collective next steps in stopping this bill being passed that will see safe lending laws become scrapped.

With the fate of the Bill resting in the hands of three senators, two of which are in South Australia (Griff and Patrick) we will continue our advocacy efforts on this important issue.