Does Small Amount Credit Contract + Consumer Lease caps (post-SACC reforms) apply to banks and ADIs?
A computed answer from the Rules Mate applicability engine, with the exact condition, the outcome for every structure and size, and the primary source.
Short answer: Only if
Only if you provide small amount credit contracts or consumer leases. Being in this industry makes the obligation worth checking (Authorised deposit-taking institution), but the trigger is a fact the industry alone does not settle.
The obligation in brief
Small Amount Credit Contract + Consumer Lease caps (post-SACC reforms). Treasury Laws Amendment (Financial Sector Reform) Act 2022 (Cwlth) introduced SACC + consumer lease reforms including total cost caps + protected earnings amount caps for SACC borrowers + consumer lease providers. Restrictions on unsolicited offers.
Trigger: Providing SACC or consumer lease.
Why banks & adis get a different answer
Rules Mate runs its applicability engine across 9 business structures and 6 size bands for each of the 35 industries it maps. For 33 of those industries the answer for "Small Amount Credit Contract + Consumer Lease caps (post-SACC reforms)" is no. Banks & ADIs is one of the 2 where the answer is different: only if.
The deciding fact for banks and ADIs: Authorised deposit-taking institution; applies only if you provide small amount credit contracts or consumer leases.
About the industry: Authorised deposit-taking institutions regulated by APRA under the Banking Act 1959.
Compare a professional services (general) business with 6–19 employees structured as a Pty Ltd company: the obligation does not apply (Requires a trigger outside this questionnaire).
Answer by business structure and size
Each cell is the engine's outcome for a business in banks & adis with that structure and size, assuming it sells to consumers and small businesses and holds customer contact details. "Check" means the obligation turns on a fact the industry does not settle.
| Structure | No employees | 1–5 employees | 6–19 employees | 20–99 employees | 100–499 employees | 500+ employees |
|---|---|---|---|---|---|---|
| Sole trader | Check | Check | Check | Check | Check | Check |
| Partnership | Check | Check | Check | Check | Check | Check |
| Trust | Check | Check | Check | Check | Check | Check |
| Pty Ltd company | Check | Check | Check | Check | Check | Check |
| Public company | Check | Check | Check | Check | Check | Check |
| Not-for-profit (unregistered) | Check | Check | Check | Check | Check | Check |
| Registered charity | Check | Check | Check | Check | Check | Check |
| Super fund | Check | Check | Check | Check | Check | Check |
| Foreign company | Check | Check | Check | Check | Check | Check |
What the obligation requires
- When due
- Continuous.
- Evidence to keep
- Cost cap compliance; protected earnings calculations; documentation.
- Maximum penalty
- Civil + criminal penalties to NCCP maximum
- Regulator
- ASIC
- Jurisdiction
- Commonwealth (national)
Other obligations where banks & adis differ from the norm
- Comply with NCCP responsible lending obligations: Yes
- Consumer Credit Hardship Notice (NCC ss 72-73): Yes
- Mortgage broker best interests duty: Only if
- Display comparison rate on credit product advertising: Yes
- Pre-2025 ban on unsolicited credit limit increase invitations: Only if
- Respond to hardship notices within statutory timeframe: Yes
- All 32 answers for banks & adis
Other industries with a non-default answer
Questions
- Does Small Amount Credit Contract + Consumer Lease caps (post-SACC reforms) apply to banks and ADIs?
- Only if you provide small amount credit contracts or consumer leases. Being in this industry makes the obligation worth checking (Authorised deposit-taking institution), but the trigger is a fact the industry alone does not settle.
- Is the answer the same for every industry?
- No. For 33 of the 35 industries Rules Mate maps, the answer is no. Banks & ADIs is one of 2 industries with a different answer.
Related
Sources
Computed by the Rules Mate applicability engine from the published obligation corpus; facts last checked 3 October 2026. Rules Mate is not a law firm and this is general information, not legal advice. Confirm your position with the regulator source or a qualified adviser before acting.