What a waste of taxpayers money. I have just read the Committee report and nothing new for CCV. The only thing they say is they think the govt should introduce the previous bill that says reduce repayment cap from 20% to 10%. No change in interest rates they can charge. A big waste of time I say.
I am surprised it hasn't rallied on this as seems like no regulatory headwinds again!
"1.21 The committee recommends that the National Consumer Credit ProtectionAmendment (Small Amount Credit Contract and Consumer Lease Reforms) Bill2017 exposure draft released by Treasury be introduced, and passage facilitatedby the government."
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