CP 316 Using the product intervention power: Short term credit
Released 9 July 2019. Comments close 30 July 2019.
This consultation paper sets out ASIC’s proposal for using our product intervention power in Pt 7.9A of the Corporations Act 2001 (Corporations Act) in relation to short term credit. We are seeking the views of interested stakeholders, including industry and consumers, on our proposal.
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Related documents
- ASIC Corporations (Product Intervention Order—Short Term Credit) Instrument 2019/917
- Explanatory Statement
- Product intervention order notice
- Media release 19-250MR
Submissions
- Affected consumer -anonymous-1 (PDF 31KB)
- Affected consumer - anonymous-2 (PDF 38KB)
- Affected consumer -Aravindh Mohan (PDF 46KB)
- Affected consumer - Merle Hurley (PDF 31KB)
- Australian Financial Complaints Authority (PDF 204KB)
- Cash Converters Pty Ltd (PDF 43 KB)
- Consumer Credit Law Centre SA (PDF 836KB)
- Finance industry delegation (PDF 57KB)
- Financial Counselling Australia (PDF 377KB)
- Financial Counsellors Association of Western Australia (PDF 87KB)
- Financial Rights and Consumer Action - submission 1 (193KB) | submission 2 (907KB)
- LawRight (1.1MB)
- Legal Aid NSW (870KB)
- Legal Aid QLD (317KB)
- Min-it Software and Financiers Association of Australia (PDF 73KB)
- National Credit Providers Association (PDF 57KB)
- Somerville Community Services (PDF 1.2MB)
- South Australian Financial Counsellors Association (PDF 104KB)
- The Salvation Army (PDF 228KB)
- Uniting Vic Tas (PDF 178KB)