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2016 review of Section 99(1A) of the Credit Contracts and Consumer Finance Act 2003

Changes were made to section 99(1A) of the Credit Contracts and Consumer Finance Act (CCCFA) in 2019, following a review of this provision. The changes are found in sections 95A and 95B of the CCCFA, which expressly enable a court (on application by the lender) to vary or remove the effect of section 99(1A).

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.

Summary of the feedback provided on the TDLG report

A summary of the feedback to the report produced by the TDLG. The content is organised by the main themes that emerged from the various channels of feedback, including a Ministerial response to the report, feedback received from MBIE Tourism staff and other government agencies, and a review meeting between MBIE and TDLG Co-chairs.