Between 1 July 2010 and 1 July 2013, Under the Australian Consumer Law, a person who buys goods or services for less than $40 000 or for personal or home use. A debt that does not have to be paid until some future time. Being allowed to pay later, in the future, for something you are getting now. law in Australia underwent sweeping reform. In this chapter, we have noted when particular amendments and provisions have commenced.
Further information about amendments can be obtained by visiting https://asic.gov.au/credit or by contacting the Consumer Action Law Centre (see ‘Contacts’ at the end of this chapter).