Credit Reform

by AFIA

20 November 2020

AFIA welcomes the opportunity to provide further feedback on the proposed lending framework. As we have outlined previously, AFIA members support the Federal Government’s announcement that it intends to simplify Australia’s credit laws and lending framework to ensure consumers and small businesses can get timely access to credit, which in turn increases the flow of credit to the economy. AFIA believes that the changes being proposed by the Government should be implemented through principles-based legislation that encourages both lenders and borrowers to act responsibly and be accountable.

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