NCCP Act

E377725

The NCCP Act is an Australian law that regulates consumer credit and lending practices to protect borrowers and ensure responsible lending.

All labels observed (1)

Label Occurrences
NCCP Act canonical 2

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Statements (46)

Predicate Object
instanceOf Australian federal statute
consumer credit law
administeredBy Australian Securities and Investments Commission
administeredByAbbreviation ASIC
aimsTo improve transparency in consumer credit markets
promote fair treatment of borrowers
reduce irresponsible and predatory lending
appliesTo banks providing consumer credit
credit intermediaries
non‑bank lenders
commencedIn 2010
contains civil penalty provisions
criminal offence provisions
remedies for consumers
responsible lending obligations
country Australia
covers consumer leases
credit contracts for personal, domestic or household purposes
mortgage lending to consumers
small amount credit contracts
enactedBy Parliament of Australia
establishes Australian credit licence regime
fullName National Consumer Credit Protection Act 2009
hasAbbreviation NCCP Act self-link
incorporates National Credit Code
jurisdiction Australia
language English
legalCitation National Consumer Credit Protection Act 2009
surface form: National Consumer Credit Protection Act 2009 (Cth)
partOf Australian national consumer credit regime
primaryPurpose promote responsible lending
protect consumers who use credit
regulate consumer credit and lending practices
protects consumer borrowers
regulates consumer credit activities
credit assistance providers
credit providers
finance brokers
mortgage brokers
relatedTo National Credit Code
requires assessment of unsuitability of credit contracts
holding an Australian credit licence
provision of pre‑contractual disclosure
responsible lending conduct
verification of consumer financial situation
sector financial services regulation
yearEnacted 2009

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Full triples — surface form annotated when it differs from this entity's canonical label.