n Professional Accountant - New credit legislation brings women down to men's level

Volume 2009 Number 1
  • ISSN : 1680-7537


The last section of the new National Credit Act came into law on 1 June this year, and with it has come a considerable amount of additional paperwork and administration to qualify potential borrowers more effectively and equally. Apart from the reported drop in loans - particularly vehicle finance and bonds - this has precipitated, the new legislation has also ensured that all loans are assessed off the same basis.

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