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Flat White

New loans and leasing laws punish the poor, slam small business

6 December 2018

6:28 PM

6 December 2018

6:28 PM

The Commonwealth government’s proposed laws limiting small loans and the leasing of consumer goods by setting caps on repayments which are not even means-tested, will effectively cripple an entire industry and deprive low-income earners of everyday essentials.

Given that one of the coalition’s key principles is to protect small business, this is a poor and ill-considered move on their part that will affect the jobs of at least 1,500 ordinary Australians and destroy over 380 small businesses, limiting consumer choice. 

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