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National Credit Act

MoneySmart provide some sage advice on the National Credit Act..

The National Credit Act began on 1 July 2010. Here we explain how the Act affects providers and consumers of credit in Australia, how it has been updated and the specific rules that apply to credit cards, loans and reverse mortgages.

See full page here.

Reproduced with permission of ASIC.

Source: ASIC's MoneySmart, 30 March 2011.