Because ASIC says it is.
'Loans of more than $5,000The law does not allow the total amount of fees and charges on loans to exceed 48%. This rule applies to loans of more than $5,000, loans with terms of more than 2 years; and all continuing credit contracts (such as credit cards).'
https://asic.gov.au/for-consumers/loans-and-credit-cards/
Because ASIC says it is.'Loans of more than $5,000The law does...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)