December 08, 2011 

Opinion (Extract) - By Mark Redmond, Chairman, National Financial Services Federation

The Senate Economics Committee this week added its voice to a  Parliamentary Joint Committee report, with both signalling the need for a rethink on regulation of short-term lending.        Following sensible and careful analysis, both Committees chaired by Labor backbenchers have now said that key aspects of the Government’s reforms should be reviewed and that the proposed cap on small amount credit contracts is “unworkable”.

 

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