The government recognises the importance of protecting vulnerable consumers of financial products, which is why it is progressing changes designed to enhance protections for consumers of small amount credit contracts and leases. However, it also recognises that small amount credit lenders and consumer lease providers play an important role by providing credit to consumers who in many instances are unable to access mainstream forms of finance. The government is currently considering public submissions on a suite of reforms to small amount credit contracts and consumer leases.

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