National Consumer Credit Protection Act (NCCPA) (AU)
The main purpose of the NCCPA is to regulate consumer lending and to ensure that everyone complies with fair standards. It protects consumers who borrow money by imposing obligations on those involved in lending it. It’s essential that employees are aware of – and meet – the consumer credit obligations. As well as protecting consumers, this helps to ensure that your organisation avoids the serious penalties for breaches of the NCCPA. This course provides an overview of the National Consumer Credit Protection Act and workers’ responsibilities under this law.
- Obligations under the National Consumer Credit Protection Act
- Key terms related to credit activities
- Responsible lending disclosure obligations
- Penalties for participating in prohibited conduct