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Showing 1 - 2 of 2 results for "Small amount credit contracts"

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... determinations (TMD), but it still harbours concerns over product descriptions. ASIC Report 754 focuses on small amount credit contracts (SACCs) due to the overrepresentation of financially vulnerable consumers accessing these products, leading to a ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
... to make sure that we lend responsibly." Despite the removal of responsible lending obligations, small amount credit contracts and consumer leases which are typically accessed by vulnerable Australians and are more costly will face stricter obligations. ...
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