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Submissions on RLO and BID extension released subscribe A A More than 100 submissions into the bill repealing responsible lending laws – which includes extending the best interests duty to more brokers – have been released as Senate begins hearings into the issue. On Friday (19 February), the Senate economics legislation committee began its hearings for its inquiry into the National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020, which seeks to repeal responsible lending obligations (RLOs) and expand the best interests duty (BID) to more credit assistance providers (among other changes). The inquiry and its hearings are largely centered on the impacts of removing RLOs, and more than 100 submissions from the lending and mortgage industry – as well as other stakeholders – were released in relation to the proposed laws.

Kenneth hayneAnnie kaneAsset finance brokers association of australiaBrokers association of australiaMortgage finance association of australiaNational consumer credit protection amendmentSupporting economic recoveryAsset finance brokers associationFinance brokers associationFinance associationElite brokerAdviser liveகெநெத் ஹேன்அன்னயே கேன்சொத்து நிதி தரகர்கள் சங்கம் ஆஃப் ஆஸ்திரேலியாதரகர்கள் சங்கம் ஆஃப் ஆஸ்திரேலியா