Truck Loans Australia :: News
SHARE

Share this news item!

New Horizon for Small Business Lending Rules

New Horizon for Small Business Lending Rules

New Horizon for Small Business Lending Rules?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Treasury has rolled out a fresh update to the lending landscape with the release of the Treasury Laws Amendment Instrument 2024: Small Business Exemption, bringing new changes up for public discussion.

The proposed regulations, aimed at modifying the National Consumer Credit Protection Regulations 2010, will push the deadline of the current small business lending exemption to October 3, 2026, from its original expiry of October 3, 2024.

Essentially, this extension means that loans serving both personal and legitimate business purposes-where the business component isn't marginal-will remain exempt from responsible lending regulations.

Current consumer credit laws, highlighted in Chapter 3 of the National Credit Act, generally bypass commercial funding. However, mixed-purpose loans (for example, blending personal and commercial finance needs) are subject to these laws unless it is evident that the primary use is for business.

Eligibility for the exemption defines a small business as having fewer than 100 employees or recording revenue of $5 million or below in the last fiscal year.

Extending the exemption offers more runtime for gathering data, which will aid in making a well-informed future decision about whether the exemption should become permanent, expire, or be altered to boost efficacy.

This approach appears to shed light on the adaptability of lending regulations, pushing boundaries for the benefit of small business dynamics within the evolving market landscape.

Source: Initially reported by David Jacobson, Bright Corporate Law Principal.

Disclaimer: This information is shared for informative purposes and should not be considered as legal advice. Always seek expert consultation to address specific needs before acting on any information provided.

Published:Thursday, 15th Aug 2024
Author: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Escalating Fuel Prices Pose Challenges for Australian Trucking Sector
Escalating Fuel Prices Pose Challenges for Australian Trucking Sector
29 Mar 2026: Paige Estritori
The Australian trucking industry is currently navigating a challenging landscape, with escalating fuel prices significantly impacting operational costs and profitability. Fuel expenses, traditionally one of the top three costs for trucking businesses, have surged due to geopolitical tensions and market volatility. - read more
Proposed Fuel Tax Changes Could Double Costs for Australian Trucking Operators
Proposed Fuel Tax Changes Could Double Costs for Australian Trucking Operators
29 Mar 2026: Paige Estritori
The Australian trucking industry is facing potential financial challenges following the Productivity Commission's proposal to phase out fuel tax credits. This change could effectively double the fuel tax paid by trucking operators, increasing the effective rate from 32.4 cents to 66.1 cents per litre by 2035. - read more
Australian Truck Industry Embraces Efficiency Amid Evolving Standards
Australian Truck Industry Embraces Efficiency Amid Evolving Standards
29 Mar 2026: Paige Estritori
In 2026, the Australian truck industry is undergoing a significant transformation, with a pronounced shift towards long-term efficiency. This change is driven by the implementation of Euro 6 emissions standards and a stabilising market following years of rapid growth. - read more
New Government Initiative Offers Discounted Loans for Hyundai and Kia Electric Vehicles
New Government Initiative Offers Discounted Loans for Hyundai and Kia Electric Vehicles
28 Mar 2026: Paige Estritori
The Australian federal government, through the Clean Energy Finance Corporation (CEFC), has announced a partnership with Hyundai Capital Australia (HCAU) to provide discounted financing options for electric vehicles (EVs) from Hyundai and Kia. This initiative aims to make EV ownership more affordable for both private individuals and small business owners. - read more
Federal Government Reviews Electric Vehicle Tax Incentives Due to Rising Program Costs
Federal Government Reviews Electric Vehicle Tax Incentives Due to Rising Program Costs
28 Mar 2026: Paige Estritori
The Australian federal government is currently evaluating potential changes to tax incentives for electric vehicles (EVs) in response to escalating program costs. This review may lead to restrictions on benefits for higher-priced EVs, aiming to ensure the sustainability of the incentives. - read more


Truck Loans Articles

Understanding Your Options: A Guide to Commercial Vehicle Loans in Australia
Understanding Your Options: A Guide to Commercial Vehicle Loans in Australia
If you're running a business in Australia, choosing the right commercial vehicle loan can be pivotal to your success. Whether you're a small business owner needing a delivery van or a large company expanding your fleet, understanding your financing options is crucial. - read more
Maximizing Your Fleet Potential: How Truck Financing Shapes Success
Maximizing Your Fleet Potential: How Truck Financing Shapes Success
Trucks play a pivotal role in the Australian logistics and transport industry, serving as the lifeblood that keeps commerce flowing. The dependable rumble of engines crisscrossing the nation's highways is more than just a symbol of industry; it's a critical component of productivity and economic stability. Without these workhorses facilitating the timely movement of goods, the Australian market would face significant challenges meeting the demands of both businesses and consumers alike. - read more
How to Choose the Right Lender for Your Commercial Truck Loan
How to Choose the Right Lender for Your Commercial Truck Loan
For many Australian businesses, purchasing a commercial vehicle is a significant investment that often requires financial assistance. Understanding the intricacies of truck financing is crucial, as the right loan can affect your company's bottom line and operational efficiency. With a plethora of lenders offering myriad loan products, choosing the most advantageous deal can be daunting. - read more
The Ins and Outs of Commercial Truck Loans: A Buyer's Guide in Australia
The Ins and Outs of Commercial Truck Loans: A Buyer's Guide in Australia
Commercial trucks serve as the lifeblood of the Australian economy, providing vital links between industries and markets across the vast landscapes. The importance of these heavy-duty vehicles cannot be overstated, as they are pivotal in ensuring the smooth operation of both urban and rural businesses alike. Engaging in the commercial truck market is a significant investment, and understanding the ins and outs of financing such a purchase is crucial for business success. - read more
From Small to Big: Financing Your Truck Expansion in Australia
From Small to Big: Financing Your Truck Expansion in Australia
Expanding your truck fleet is a critical step in driving business growth. For many small businesses, increasing the number of commercial vehicles means accessing new markets, delivering goods more efficiently, and ultimately, boosting profitability. In the competitive Australian market, staying ahead requires not just maintaining but expanding your transport capabilities. - read more


Start Here

Get a free truck loan eligibility assessment and compare truck finance and leasing options without accessing your credit file!!
Loan Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Payday Loan:
A short-term, high-interest loan, typically due on the borrower's next payday.