Provide funding for consumer education on sustainable credit, with a particular emphasis on low income groups; Reduce the three year supervision period for Debt Relief Notices from three years to one year; Review the concept of debts’ in Debt Relief Notices; ‘excludable Remove from the eligibility criteria for DRNs, or only retain as a ground for a ‘preference’ creditor objection similar to DSA and PIA or alternatively, remove from the preference test payments such as housing, utilities etc.; ‘priority’ With regard to Reasonable Living Expenses, change the wording of the DRN legislation - Section 65(2)(c) and Section (2)(e) - to as opposed to “may” “shall”; Provide broader access to insolvency solutions by funding a Public Personal Insolvency Service and enhance MABS to include PIP services on a means-tested basis.
Provide funding for consumer education on sustainable credit, with a particular emphasis on low income groups; Reduce the three year supervision period for Debt Relief Notices from three years to one year; Review the concept of ‘excludable debts’ in Debt Relief Notices; Remove ‘preference’ from the eligibility criteria for DRNs, or only retain as a ground for a creditor objection similar to DSA and PIA or alternatively, remove from the preference test ‘priority’ payments such as housing, utilities etc.; With regard to Reasonable Living Expenses, change the wording of the DRN legislation - Section 65(2)(c) and Section (2)(e) - to “may” as opposed to “shall”; Provide broader access to insolvency solutions by funding a Public Personal Insolvency Service and enhance MABS to include PIP services on a means-tested basis.
social_prebudget_2019.docx