Credit Contracts and Consumer Finance Amendment Bill

Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.

This bill aims to simplify and streamline the effective regulation of financial services by aligning both the regulator and aspects of the regulatory model for consumer credit with that under the Financial Markets Conduct Act 2013, as well as making other improvements to ensure the legislation is clear and proportionate.