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Consumer Credit (Western Australia) Amendment Bill 2002

Uniform Legislation and General Purposes Committee (2002 - 2005)· 6 May 2003general_report

The WA parliamentary committee reviewed the Consumer Credit (Western Australia) Amendment Bill 2002, focusing on its shift to template legislation based on the Queensland Code. Key issues examined include comparison rate advertising and extending the time limitation period for civil penalty applications. The committee acknowledged potential benefits of national uniformity but raised concerns about reduced parliamentary scrutiny.

Impact

Consumers will have access to comparison rates for loans. Credit providers will need to comply with new advertising rules and face longer periods for potential penalties. The WA Parliament will have less direct oversight of consumer credit law changes.

financepublic_sectorconsumer credituniform legislationtemplate legislationcomparison ratestime limitationcivil penaltyQueensland CodeAustralian Uniform Credit Laws AgreementMinisterial Council

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