House debates

Wednesday, 11 September 2019

Questions without Notice

Household and Personal Debt

3:00 pm

Photo of Rebekha SharkieRebekha Sharkie (Mayo, Centre Alliance) Share this | Hansard source

My question is to the Treasurer. It's been four years since the government commissioned a review of the small amount credit contract laws and 2½ years since the government accepted its recommendations. In these years, more and more Australians have fallen victim to excessive fees and interest of payday lenders—in many cases over 400 per cent. They are debt traps. When will the government introduce legislation to protect vulnerable Australians from severe financial harm?

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