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Proposed National Finance Broking Legislation

Invitation to comment

Note: All types of broking structures will be regulated: mortgage brokers, finance brokers, single line broking and single mobile operators, as well as aggregators and franchised organisations. While brokers of credit for small businesses are covered by the framework of the regulatory scheme, there will be differences in the requirements for disclosure and the contractual relationship, to take into account differences in the way brokers and businesses transact.

Down load a copy of the proposed Bill directly from the NSW Office of Fair Trading's website.

Submissions: Closing date 15th February 2008

All interested individuals and organisations are invited to comment on the Exposure Draft Bill. To assist with the assessment process it would be helpful if, where applicable, you make reference to the relevant clause numbers in your submissions.

Comments in writing should be posted, faxed or emailed to:

Senior Project Manager (Credit)
Policy & Strategy Division
NSW Office of Fair Trading
PO Box 972
PARRAMATTA NSW 2124

Fax: (02) 9338 8918
Email: policy@oft.commerce.nsw.gov.au

Closing date for submissions is 15 February 2008.