CCLS welcomed the opportunity to provide feedback on the Exposure Draft materials proposing to
regulate buy now, pay later products (BNPL) as credit. This joint submission was made in collaboration with the following organisations:
● CHOICE
● Financial Rights Legal Centre
● Consumer Action Law Centre
● Indigenous Consumer Assistance Network
● Brotherhood of St Laurence
● The Salvation Army
● Financial Counselling Australia
● Financial Counselling Victoria
● Redfern Legal Centre
● LawRight

Our organisations have long advocated for BNPL to be regulated as a credit product under the National Consumer Credit Protection Act 2009 (NCCPA), and so we welcome the major step towards achieving this outcome that the Exposure Draft materials (ED Materials) represent. We urge the Government to finalise this legislation as a matter of priority to ensure that the framework is passed this year.

To read a copy of the submission, click here.