Review of the small amount credit contract laws

The review of small amount credit contract (SACC) laws and related provisions in the National Consumer Credit Protection Act 2009 was established on 7 August 2015 to consider the laws applying to SACCs and consumer leases which are comparable to SACCs.

Consultation on the interim report for the review of small amount credit contracts

22 December 2015 | Invitation to comment

The panel has prepared an interim report which sets out some of its initial observations and canvasses potential policy options on responsible lending, repeat borrowing for SACCs, default fees for SACCs and regulated consumer leases.

Interim Report 602KB 943KB

Making a submission

During this second round of consultation stakeholders are invited to provide targeted  submissions on the issues raised in the interim report.

Submissions can be made by emailing

For accessibility reasons, please submit responses in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Consumer Credit website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.

Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Submissions close on Friday 22 January 2016.

Consultation on the regulation of small amount credit contracts and comparable consumer leases

17 September 2015 | Consultation Paper

The independent panel undertook a period of consultation to seek views on the effectiveness of the laws relating to SACCs and whether a SACC database should be established. The panel are also called for submissions on whether the provisions that apply to SACCs should be extended to consumer leases that are comparable to SACCs and, if so, how this would be achieved.

Consultation Paper 733KB 228KB

Submissions closed on Thursday 15 October 2015.