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Ministerial Council Meeting 23 May 2008

The Ministerial Council on Consumer Affairs (MCCA) held its nineteenth meeting in Auckland, New Zealand on 23 May 2008.

View current and previous meeting Communiqué.

National Finance Broking Bill

The Ministerial Council on Consumer Affairs has released the Exposure Draft Finance Broking Bill 2007 for public comment.  The Bill outlines a scheme for the national regulation of finance and mortgage brokers that will impose entry requirements, mandatory external dispute resolution scheme membership and enhanced consumer protection provisions.

The invitation to comment and the exposure draft bill are available for review.

Regulation of Residential Tenancy Databases

The Ministerial Council on Consumer Affairs and the Standing Committee of Attorneys General have agreed to release the Report on Residential Tenancy Databases and the Regulatory Impact Statement.  Ministers have agreed to the development by the states and territories of uniform legislation for residential tenancy databases.  A national approach to the regulation of residential tenancy databases will provide greater certainty for tenants, landlords, agents and property managers.