Senate debates

Monday, 12 February 2018

Questions without Notice

Small Amount Credit Contracts

2:39 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Let me just make the more general point that the government of course recognises that small-amount credit lenders and consumer lease providers play an important role in the economy by providing credit to consumers who in many instances are unable to access mainstream forms of finance. The implementation of the recommendations of the relevant report will ensure that vulnerable consumers are afforded appropriate levels of consumer protection while continuing to access those small-amount credit contracts and leases.

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