I think you may have some facts wrong in respect to less-than-16-day loans, and the 20% establishment fee. According to https://www.moneysmart.gov.au/borrowing-and-credit/consumer-credit-regulation:
- Short term' loans of $2,000 or less that you must repay in 15 days or less are prohibited.
- Fee limits on small amount loans ($2000 or less)
From 1 July 2013, fees charged on small amount loans are capped (that is, limited to a maximum amount).
Credit providers can only charge you the following fees:
- A one-off establishment fee (of not more than 20% of the loan amount)
- A monthly account keeping fee (of not more than 4% of the loan amount)
Ann: Trading Halt, page-95
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CCP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$15.74 |
Change
0.090(0.58%) |
Mkt cap ! $1.071B | |||
| Open | High | Low | Value | Volume |
| $15.70 | $15.74 | $15.31 | $1.593M | 102.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2701 | $15.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.74 | 421 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CCP (ASX) Chart |