Jonathon Duniam (Tasmania, Liberal Party, Assistant Minister for Forestry and Fisheries) Share this | Hansard source

The government has not reneged on its acceptance of this recommendation by the royal commission. Recommendation 1 states:

The NCCP Act should not be amended to alter the obligation to assess unsuitability.

With respect to this recommendation, Commissioner Hayne noted:

Consumer advocacy groups urged me to recommend that the NCCP Act be amended to require lenders to determine whether a loan contract (or credit limit increase) was 'suitable' for the consumer (as distinct from 'not unsuitable'). I do not favour that proposal.