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Consumer Credit (Western Australia) Amendment Bill 2001

Bill No.

Long Title

The 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.

Status

Assented 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)

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Date

Note No.