Submission to Responsible Buy Now Pay Later Bill 2024

Whilst the Government has taken significant steps forward with this Bill to improve regulation of Buy Now Pay Later (BNPL) products and increase consumer protections. This Bills fails to address the distortion that BNPL products cause to the credit market or provide people with enough protections from the harms caused by these products. Anglicare Australia recommend that the Bill be amended to ensure that BNPL products are treated and used in the same way as all other credit products.