Consumer Credit (Western Australia) Amendment Bill 2001


Bill No.52

SynopsisThe purpose of this Bill is to amend the Consumer Credit (Western Australia) Act 1996 and the Consumer Credit (Western Australia) Code to extend coverage to payday lending and to set a maximum total cost of credit for loans of less than 62 days. This Bill will close a loophole in the Consumer Credit Code that allows payday lenders to avoid regulation and ensure that the same consumer credit laws continue to apply in Western Australia as apply in all other Australian States and Territories.

StatusAssented to 12/21/2001
Royal Assent given 21 Dec 2001 as Act No. 30 of 2001. Different sections of this Act come into operation on Royal Assent and Proclamation. For details refer to Commencement Clause of the Bill (see also Assent and Commencement information for Acts)

Current Bill

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Inactive hide details for Previous Versions of this BillPrevious Versions of this Bill




Progress

Legislative Assembly DateNote No.Related Documents
Introduced 11/15/2001  
First Reading 11/15/2001  
Second Reading 11/15/2001  
Second Reading Speech   
Second Reading Agreed 12/13/2001  
Third Reading 12/13/2001  


Legislative Council DateNote No.Related Documents
Introduced 09/20/2001  
First Reading 09/20/2001  
Second Reading 09/20/2001 1 
Second Reading Speech   
Second Reading Agreed 11/14/2001  
Third Reading 11/14/2001  


Notes
1. Explanatory memorandum provided.