Homeโ€บBillsโ€บBill 120

๐Ÿ“œ Credit (Commonwealth Powers) Bill 2010

Assented toLABill 12017 March 2010

This Bill adopts Commonwealth legislation relating to national consumer credit protection and refers certain related matters to the Commonwealth Parliament, aligning WA with a national credit scheme.

Impact

Credit providers and consumers in WA will be affected, as the Bill integrates WA into the national consumer credit protection framework. It ensures consistent regulation of credit and leases across Australia.

Key Changes

["Adopts the National Consumer Credit Protection Act 2009 (Commonwealth)", "Refers powers to the Commonwealth to amend the National Credit legislation", "Allows the State to terminate the adoption and reference at a future date"]

Parliamentary Progress

  1. LA Second Reading MovedLA17 Mar 2010
  2. LA IntroducedLA17 Mar 2010
  3. LA Third ReadingLA22 Apr 2010
  4. LA Second Reading AgreedLA22 Apr 2010
  5. LC Second Reading MovedLC20 May 2010
  6. LC Second Reading AgreedLC15 June 2010
  7. LC Third ReadingLC15 June 2010
  8. Royal Assent25 June 2010
Affected Sectors
finance

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