Issue Date:  -  Thursday, 10 August 2000

Debt collecting under review

The Ministry of Fair Trading is currently reviewing the Debt Collectors Licensing Act 1964 in accordance with National Competition Policy (NCP) guidelines.

Commissioner for Fair Trading, Patrick Walker explained that NCP guidelines place an obligation on all States to review legislation that impacts on competition.

"A discussion paper has been prepared to assist stakeholders and other interested parties to make a formal submission to the review," said Mr Walker.

The discussion paper outlines the concepts of NCP and the provisions of the Debt Collectors Licensing Act which are under examination. The paper also outlines various options for the future regulation of the debt collection industry in accordance with NCP principles.

The Ministry of Fair Trading invites interested parties to provide a submission to the review of the Debt Collectors Licensing Act, by 27th October 2000.

If you have any further queries, please contact Michael McLeod at the Ministry of Fair Trading on (08) 9282 0671 or email Michael on mmcleod@mft.wa.gov.au.

An electronic copy of the issues paper can be obtained at: http://www.fairtrading.wa.gov.au/reviews/index.shtml

Media inquiries:

Hayley Mayne
Tel: (08) 9282 0961
Mobile: 0409 118 982