Annotated National Credit Code and Regulations
Does not imply availability
Description
THE ANNOTATED NATIONAL CREDIT CODE has an established reputation as an invaluable guide to the Code and Regulations. It is an essential reference for financial institutions, retailers, financiers and consumer advocates as well as practitioners to ensure their compliance with Code obligations. The move towards federal regulation of the industry has resulted in a single, standard, national regulation of consumer credit. This has a significant impact on any person involved in the origination, management or enforcement of consumer credit. The code also applies to those who provide credit to purchase, renovate or improve residential property for investment purposes. Among other things, the new regulatory framework will create a new licensing system, impose responsible lending requirements and extend regulation to apply to the finance broking industry. Professionals in the field must acquaint themselves with the new framework. This is the only book to focus solely on the Code. It is a practice oriented guide that provides detailed and comprehensive annotations and explanations. Practitioners will find this book invaluable in dealing with the new federal scheme and understanding the new responsibilities placed upon credit providers and the penalties for breach.
AI Overview
The book "Annotated National Credit Code" by Andrea Patricia Beatty, LexisNexis Staff, and Andrew Smith is a comprehensive guide to consumer credit regulation in Australia. Here is a detailed overview of the book:
Key Themes
Consumer Credit Regulation: The book provides an in-depth analysis of the National Credit Code, which is a key piece of legislation governing consumer credit in Australia. It covers various aspects of consumer credit, including licensing requirements, responsible lending practices, and the responsibilities of credit providers[2][3].
Practical Guidance: It is designed to be a user-friendly, practical guide for business, regulators, and external dispute resolution schemes. The annotations and explanations are detailed and comprehensive, making it invaluable for practitioners dealing with consumer credit issues[1][3].
Regulatory Framework: The book includes an overview of the ASIC licensing system, which is crucial for understanding the regulatory framework governing consumer credit providers. It also delves into the responsible lending requirements and the responsibilities placed upon these providers[2].
Plot Summary
The book does not have a narrative plot but rather serves as a reference guide. It is structured to provide clear and concise explanations of the National Credit Code and its regulations. The content is organized in a way that makes it easy to navigate and understand the complex legal framework surrounding consumer credit in Australia.
Critical Reception
The book has received positive reviews for its practicality and comprehensive coverage of the subject matter. A review in Ethos: Official Journal of the Australian Library and Information Association noted that the book is an essential guide for those dealing with consumer credit regulation in Australia, although it was published in 2011, it remains relevant due to its detailed annotations and explanations[5].
Editions
The book has been published in multiple editions, with the 7th edition being particularly noted for its user-friendly approach and practical guidance. The 4th edition is also available, which provides similar detailed annotations and explanations[1][4].
In summary, "Annotated National Credit Code" by Andrea Patricia Beatty, LexisNexis Staff, and Andrew Smith is a crucial resource for anyone involved in consumer credit regulation in Australia. Its practical guidance, detailed annotations, and comprehensive coverage make it an invaluable tool for practitioners, regulators, and business entities.