Effective from the 1st July 2010, the Federal Government has introduced new legislation, National Consumer Credit Protection Legislation (NCCP), regulating the provision of consumer loans and leases.

The legislation applies to anyone involved in the credit cycle so it now covers mortgage brokers as well as credit providers.

Please feel free to let us know your thoughts on this development, how it will affect the industry as a whole and its impact on the way you do business.