Review of consumer credit law
We are reviewing consumer credit law to ensure consumers are protected from irresponsible lending practices and debt-spirals. This section also includes information about previous reviews of consumer credit law.
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In this section
Changes to consumer credit law 2020
The Government has made law changes to the Credit Contracts and Consumer Finance Act. This follows our 2018 review of the consumer credit law.
Review of consumer credit law 2009–2015
This page summarises the changes to the consumer credit laws that resulted from the review that took place between 2009 and 2015.
Review of Section 99(1A) of the Credit Contracts and Consumer Finance Act 2003
The Government has decided to amend section 99(1A) of the Credit Contracts and Consumer Finance Act (CCCFA).
Review of December 2021 credit law changes
In 2022, the Minister of Commerce and Consumer Affairs commissioned an investigation into changes to credit laws introduced on 1 December 2021. This has led to further amendments to the Credit Contracts and Consumer Finance Regulations 2004 and the Responsible Lending Code. The first tranche of changes came into force on 7 July 2022, and the second tranche are in force on 4 May 2023.