Kevin Davis is Emeritus Professor of Finance at University of Melbourne (having retired at end 2020).
The Treasury advice to government at the time of the Global Financial Crisis was to “go hard, go early” with counter-measures, and that has since become an accepted model when confronted with an unexpected, major, crisis. Continue reading »
Weakening responsible lending laws is a bad look for the federal government. It has the hallmarks of political opportunism, with Morrison and Frydenberg using the Covid crisis to be a friend of business at the expense of consumers. Continue reading »
The Coalition Government is determined to weaken the protections for borrowers. Not only does it plan to remove responsible lending obligations from most loans, the Senate Economics Committee also rejected changes to Small Amount Credit Contracts (SACCS – commonly referred to as payday loans) legislation. The three non-Coalition members argued to approve the changes. Continue reading »