Credit Objects PTY LTD
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View our new 2019 product brochures for an easy to read guide on all the services offered. Coming Soon
National Consumer Credit Protection Act 2009 (NCCPA)
There have been some new updates about the Credit Card Reforms and Non-ADI Lender Rules in Australia considering the National Consumer Credit Protection Act 2009 (NCCPA). This will take effect from 1st January 2019. The NCCPA has greatly secured the consumer in the market where competition between the financial institutions has been squeezing the customers for their profits. These new reforms will greatly impact the end consumers, which is important to understand.
Privacy Act 1988
The Privacy Act 1988 introduced a new mandatory notification procedure for eligible data breaches, which took effect from 22nd February 2018.
Loss of sensitive information of any consumer is not an option whatsoever. This makes it more important for companies to be very careful when handling consumer information. We are keenly watching all the legal environment of the Asset Finance Industry to ensure that we are up to date not just in technology, but also in full compliance with the latest enforced rules and regulations.