24037 (2025). Arena Williams to the Minister of Commerce and Consumer Affairs

24037 (2025). Arena Williams to the Minister of Commerce and Consumer Affairs: Did the Minister receive any advice in any of the Cabinet documentation for the Credit Contracts and Consumer Finance (CCCFA) Amendment, which notes that if smaller lenders had to make large payments for breaches of disclosure requirements under the CCCFA, they could face “potential collapse over minor immaterial mistakes”?

Hon Scott Simpson: Yes, this advice was provided through the Regulatory Impact Statement.