Small Amount Credit Contract + Consumer Lease caps (post-SACC reforms)
SACC + consumer lease fee caps + responsible lending tightened post-Royal Commission.
Who must comply
SACC providers + consumer lease providers (Cash Converters, BNPL-adjacent).
What triggers it
Providing SACC or consumer lease.
When due
Continuous.
Evidence required
Cost cap compliance; protected earnings calculations; documentation.
Max penalty
Civil + criminal penalties to NCCP maximum
Summary
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.
Enforced by
Source legislation
Industries
Topics
Source: https://asic.gov.au/regulatory-resources/credit/. Rules Mate is not a law firm. Always verify against the live regulator source before acting.