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Exposure Draft - National Consumer Credit Protection Amendment Regulations 2011


Tuesday, 15 February 2011

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On 12 December 2010, the Deputy Prime Minister announced the Competitive and Sustainable Banking System Package. These exposure draft regulations are part of this package, and set out the proposed amendment to the National Credit Code to ban exit fees on new home loans from 1 July 2011.

Making a submission

Interested parties are invited to comment on the draft regulations. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email 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 Treasury 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.

Closing date for submissions: Tuesday, 1 March 2011

Address written submissions to:
The General Manager
Financial System Division
The Treasury
Langton Crescent

Email: banking@treasury.gov.au

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Exposure Draft  112.71kb
Draft Explanatory Statement  85.23kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Exposure Draft  379.08kb
Draft Explanatory Statement  63.25kb

Related Items:

Submissions: Exposure Draft - National Consumer Credit Protection Amendment Regulations 2011 - 4/03/2011

Treasury has received twenty-three formal submissions in response to this consultation. There were nineteen public submissions, and four confidential submission. The public submissions are listed below and are accessible by selecting the author.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or the Treasury.

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