๐ Consumer Credit (Western Australia) Amendment Bill 2002
Assented toLABill 1674 December 2002
The Consumer Credit (Western Australia) Amendment Bill 2002 aims to apply the Consumer Credit Code, as outlined in the Consumer Credit (Queensland) Act 1994, directly to Western Australia as a law of WA. This seeks to create a uniform national credit scheme and reduce delays in implementing changes.
Impact
Consumers and credit providers in Western Australia will be affected. The bill aims to provide consistent consumer protection and streamline credit regulations, reducing delays and uncertainty for businesses and consumers.
Key Changes
["Adopts the Consumer Credit Code from the Queensland Act as WA law.", "Repeals the existing WA Consumer Credit Code.", "Retains some differences in the existing WA Code relating to guarantor protection, hardship applications, and civil penalties."]
Parliamentary Progress
- LA Second Reading MovedLA4 Dec 2002
- LA IntroducedLA4 Dec 2002
- LA Second Reading AgreedLA25 Feb 2003
- LA Consideration in DetailLA27 Feb 2003
- LA AmendedLA18 Mar 2003
- LA Third ReadingLA20 Mar 2003
- LC Second Reading MovedLC3 Apr 2003
- LC Second Reading AgreedLC24 June 2003
- LC AmendedLC24 June 2003
- LC Third ReadingLC24 June 2003
Affected Sectors
finance
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