impact to earnings, page-15

Yes, Australia is FAST becoming a nanny state under the current government!!!

At the end of the day, the government is trying to help out the people who take out pay day loans by reducing the associated costs of these loans. But by the very fact they are reducing the costs of these loans will only promote people to take out larger loans. If it once cost you $35 in costs to borrow $100, but it now only costs you $35 to borrow $300, the incentive for these people to borrow more and more money will only increase. (Perhaps placing the borrower in a worse long term financial position).