The Stop The Debt Trap Alliance has provided feedback on the draft Fair Trading (Small Amount Credit Contracts and Consumer Leases) Amendment Bill 2020 (SA).
The Alliance) is a coalition of consumer advocacy organisations from around Australia, including financial experts, community advocates and service providers.
Every day our organisations hear from people who have been trapped in crippling debt due to high-cost fast loans and harmful consumer leases.
We strongly support the proposed legislation and urge the South Australian Parliament to pass these crucial reforms as a matter of urgency.
Read our submission (PDF) or below:
201102_SA SACC Bill STDT Alliance sub DRAFT