Consumer Credit (Western Australia) Code Regulations Amendment Draft Order 2004
Uniform Legislation and General Purposes Committee (2002 - 2005)· 16 November 2004general_report
The WA parliamentary committee reviewed the Consumer Credit (Western Australia) Code Regulations Amendment Draft Order 2004, which aimed to update monetary limits related to hardship provisions and enforcement of credit contracts. The changes align WA regulations with Queensland's, ensuring national uniformity. The committee recommends approving the draft order.
Impact
Western Australian debtors, mortgagors, and guarantors will benefit from updated debt thresholds when applying for hardship variations to their credit contracts or facing enforcement proceedings.
financeconsumer creditcredit contractshardship provisionsdebt enforcementmonetary limitsuniform legislationQueensland legislationfinancial regulationsmortgagesguarantees
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