The Corporations Point-in-Time Service has been updated to include the National Consumer Credit Protection Amendment (Responsible Lending Obligations) Regulations 2020 (Cth).
This instrument amends the National Consumer Credit Protection Regulations 2010 to make a targeted adjustment to the regulatory settings pertaining to the responsible
lending obligations contained in the National Consumer Credit Protection Act 2009.
The timely flow of credit to small businesses continues to be a priority in the response to the economic challenges posed by the coronavirus pandemic. Accordingly, the Regulations make a further targeted adjustment to the regulatory settings pertaining to the responsible lending obligations. As with the April 2020 Regulations, the Regulations are temporary and the exemption is available for 6 months only. The exemption applies:
These amendments have been updated in the Point-in-Time Corporations Service current to 13 October 2020. (NB: subscription required).
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