Banking and Finance Point-in-Time Service Updates

The Banking and Finance Point-in-Time Service has been updated to include the National Consumer Credit Protection Amendment (Small Business Exemption No. 2) Regulations 2021 (Cth).

National Consumer Credit Protection Amendment (Small Business Exemption No. 2) Regulations 2021

This Regulation amends the National Consumer Credit Protection Regulations 2010 to reinstate the temporary small business exemption from responsible lending obligations that are contained under the National Consumer Credit Protection Act 2009, relating to the coronavirus economic response and covering credit with a partial small business purpose. It also makes an amendment to the exemption period to prevent the responsible lending obligations from being temporarily re-imposed on a portion of credit activity (that has a partial small business purpose) ahead of their removal by other legislation.  

These amendments have been updated in the Point-in-Time Banking and Finance Service current to 17 November 2021. (NB: Subscription required).

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