Kelly O’Dwyer has been left red-faced by the Treasury who directly contradicted comments where she claimed the Government was ‘drafting legislation as we speak’ to clamp down on dodgy payday lending practices.
In a media interview on Tuesday night the Minister assured the Australian community that the Government was prioritising reforms for pay day lending with legislation to progress them at the drafting stage.
Jeremy Fernandez: So why the delay now in enforcing it through legislation?
Kelly O’Dwyer: Well, there is no delay, the legislation is being drafted as we speak - Lateline, February 28, 2017.
But today in Estimates questioning a senior Treasury official said:
Senator Gallagher: And it hasn’t started for those - the drafting hasn’t started for those: credit cards and small amount credit contracts?
Treasury Official: We’re not currently drafting that legislation, no. – Senate Estimates, Wednesday March 1, 2017.
The Minister’s public comments are clearly incorrect and she should immediately correct the record.
Kelly O’Dwyer can’t just make-up false claims to cover up the fact that her government is failing to protect consumers when it comes to predatory lending.
WEDNESDAY, 1 MARCH 2017
Senator Katy Gallagher is Labor's Shadow Minister for Small Business and Financial Services.