What is the National Credit Consumer Protection Act 2009 (NCCP)?

| | 0 minute Less than a minute read

The current credit licensing and governance framework introduced in 2011 to enforce responsible lending for credit providers, including brokers. ASIC is the sole regulatory body for this legislation.

Add a Comment

You might also be interested in

Calculating Depreciation on an Investment Property

Depreciation of a property is something that investors try to avoid. However, Australia’s tax laws can help you deal with depreciation in several ways. You just need to avoid the tax traps many fall into.

Explaining Loan to Value Ratios

The Loan to Value Ratio plays an important role in determining how much risk lenders attach to your home loan. You need to understand what it means and how it may affect your ability to borrow.

The Benefits of a Mortgage Offset Account

Interest is the biggest burden you face when taking out a home loan. Anything you can do to keep interest payments low will benefit you in the long run. A mortgage offset account allows you to do just that.