Domestic violence advocates tell Senate Committee to reject the Government's plans repeal safe lending laws

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Financial abuse and domestic violence advocates will give evidence to the Senate Committee today about the harm women will face if the Government's Supporting Economic Recovery Bill is passed.

Spokesperson for the Economic Abuse Reference Group Laura Bianchi said its 20 member organisations, which assist people experiencing financial abuse, have grave concerns about the impact of removing lending protections on people experiencing domestic and family violence.  

Ms Bianchi, who also heads up Redfern Legal Centre's Financial Abuse Service NSW, said current lending obligations prescribe important steps which often identify red flags in domestic and family abuse.

"Responsible lending protections are absolutely critical, because they help ensure that the lender makes inquiries as to the loan's purpose, suitability and affordability. When used correctly, these checks and balances play an important role in preventing economic abuse," Ms Bianchi said.

Dozens of domestic violence and economic abuse advocacy groups have joined together to urge the Senate Standing Committee on Economics to recommend this Bill does not get passed.

 
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