National Consumer Credit Protection Regulations 2009: ASF Submission
Today, the ASF made its final submission in relation to the National Consumer Credit Protection Bill’s Regulations. Specifically, it highlights the uncertainty about the application of the Bill to SPVs, which as presently constructed will have serious adverse consequences not only for the securitisation industry, but also for the operation of Australian financial markets. This is because certainty is an essential element of all commercial transactions as it allows the parties to adequately allocate and price risk in these transactions.
