Senate debates

Wednesday, 17 October 2018

Committees

Economics References Committee

3:04 pm

Photo of Anne RustonAnne Ruston (SA, Liberal Party, Assistant Minister for International Development and the Pacific) Share this | Hansard source

The government recognises that small-amount credit lenders and consumer lease providers play an important role in the economy by providing credit to consumers who in many instances are unable to access mainstream forms of finance. The government has undertaken a review of the small-amount credit contract laws and is currently considering the review's recommendation. The government also notes the comments of Commissioner Hayne regarding the consumer credit industry in the interim report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The government would welcome any further scrutiny of the industry.

Question agreed to.

Comments

No comments