Consumer Credit (Western Australia) Act 1996: Consumer Credit Amendment Regulation (No 2) 2004 (Queensland)
Uniform Legislation and General Purposes Committee (2002 - 2005)· 3 May 2005general_report
The WA parliamentary committee reviewed amendments to the Consumer Credit Code, specifically the Consumer Credit Amendment Regulation (No 2) 2004 (Qld). The amendments aim to clarify comparison rate provisions and allow for a shorter warning in advertisements. The committee recommends approval of the draft order to implement these changes in WA, ensuring consumers are better informed.
Impact
Consumers, credit providers, finance brokers, and advertisers are affected. The changes aim to improve transparency and understanding of credit costs for consumers.
financeconsumer creditcomparison ratescredit codeloan costsfinancial regulationcredit advertisingconsumer protectioninterest ratesfees and chargescredit agreements
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