MEDIA RELEASE - SLOMO MISSING ON SACC REFORMS - MONDAY, 12 FEBRUARY 2018

MEDIA RELEASE BANNER.PNG

 

 SLOMO MISSING ON SACC REFORMS

 After questioning in the House and Senate today, it is becoming increasingly clear that the Government is ‘running dead’ on their own proposed Small Amount Credit Contract (SACC) reforms, despite promising legislation would be introduced last year.

It was a productive Question Time for the Treasurer, who managed to throw not one but two Cabinet colleagues under the bus, putting the Deputy Prime Minister in it while preventing the Revenue Minister from answering Labor’s straightforward questions on delays to the SACC reforms.

Replying to questions as to why the Government had not yet introduced the reforms, Scott Morrison denied leading the so-called ‘Parliamentary Friends of Payday Lending’ group of Liberal MPs, but squibbed answering the question in favour of filibustering about tax cuts for big business.

It’s worse than we thought: instead of leading the charge to scuttle the Governments own SACC reforms, the truth is that SloMo just isn’t across his brief.

Meanwhile, in the Senate, Matthias Cormann was forced to take on notice a question from Labor about whether or not its own SACC reforms were still Government policy.

The Government has been dragging its feet on the proposed SACC reforms, which the Government first announced in November 2016.

As late as October, the Government promised to introduce legislation to implement the proposed SACC reforms before the end of 2017, however a bill has still not been introduced.

MONDAY, 12 FEBRUARY 2018