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
Source: Paige Estritori

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

Share this news item:

Finance News

Zone RV's Administration Signals Industry Challenges
Zone RV's Administration Signals Industry Challenges
19 Dec 2025: Paige Estritori
The Australian caravan industry has recently faced significant upheaval with the voluntary administration of Zone RV, a prominent luxury off-road caravan manufacturer based on Queensland's Sunshine Coast. This development has left approximately 250 employees and numerous customers in a state of uncertainty, particularly as the holiday season approaches. - read more
Caravan Parks Thrive with Rising Occupancy Rates
Caravan Parks Thrive with Rising Occupancy Rates
19 Dec 2025: Paige Estritori
Amidst economic uncertainties, the Australian caravan and camping sector has demonstrated remarkable resilience, with occupancy rates climbing across all accommodation types. In October 2025, cabin occupancy surged to 69% nationwide-a substantial four-point increase compared to October 2024. Powered sites saw a three-point rise to 52%, while unpowered sites reached 22% occupancy. - read more
ASIC Identifies Critical Issues in Australia's Car Finance Sector
ASIC Identifies Critical Issues in Australia's Car Finance Sector
19 Dec 2025: Paige Estritori
The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the motor vehicle finance sector, uncovering significant concerns regarding lending practices. This examination has highlighted issues such as exorbitant establishment fees and a troubling rate of early loan defaults, raising questions about the adequacy of current lending standards. - read more
Australian Used Car Market Experiences Significant Supply Surge
Australian Used Car Market Experiences Significant Supply Surge
19 Dec 2025: Paige Estritori
The Australian Automotive Dealer Association (AADA), in collaboration with AutoGrab, has released the Mid-2025 Automotive Insights Report, revealing a substantial increase in the supply of used cars in the Australian market. The first half of 2025 saw 1,589,491 vehicles listed for sale, marking an over 30% rise compared to the same period in 2024. This surge in supply is reshaping market dynamics and influencing pricing trends. - read more
New Government Initiative Offers Low-Interest Loans for Electric Vehicles
New Government Initiative Offers Low-Interest Loans for Electric Vehicles
19 Dec 2025: Paige Estritori
In a significant move to promote the adoption of electric vehicles (EVs) among Australian businesses, the government has announced a $50 million partnership with Metro Finance to provide low-interest loans for the purchase of EVs. This initiative is designed to support small and medium-sized enterprises (SMEs) in transitioning to cleaner transportation options, thereby reducing emissions and energy costs. - read more


Truck Loans Articles

Essential Document Checklist for Truck Loan Approval: What You Need to Know
Essential Document Checklist for Truck Loan Approval: What You Need to Know
Getting the right truck loan can be essential for business owners who rely on commercial vehicles. These loans cover a variety of commercial vehicle types and are crucial for ensuring your business operations run smoothly. Truck loans, specifically, provide the necessary finances to purchase trucks, which are indispensable in industries like logistics and delivery services across Australia. - read more
The Pros and Cons of Leasing vs. Buying a Truck for Your Business
The Pros and Cons of Leasing vs. Buying a Truck for Your Business
Small businesses that require regular transportation of goods may find it essential to purchase a truck. However, this acquisition can become a significant investment that requires careful consideration before making a decision. The two options available are buying or leasing a truck. In this article, we will explore the pros and cons of each option to help you make an informed choice. - read more
The Top Mistakes to Avoid When Applying for a Truck Loan in Australia
The Top Mistakes to Avoid When Applying for a Truck Loan in Australia
Commercial vehicle loans in Australia are a vital component in the Continuum of the transportation and logistics industry. They provide businesses and individuals with the necessary funds to acquire trucks and other heavy vehicles critical for their operations. Understanding the nuances of these loans is imperative for anyone in the market for a commercial vehicle. - read more
Understanding the Fine Print: What to Look Out for in Truck Loan Contracts
Understanding the Fine Print: What to Look Out for in Truck Loan Contracts
Stepping into the realm of commercial truck financing can be a highway riddled with complex terms and conditions. Understanding commercial truck loans is not only about getting the keys to a new vehicle; it's a crucial investment in your business's future. As a borrower, you need to navigate through the fine print to find a loan that fits like a glove. - read more
The Most Important Factors to Consider When Buying a Truck
The Most Important Factors to Consider When Buying a Truck
Buying a truck is a major investment, whether it's for personal use or business purposes. With the plethora of options available in the Australian market, it's important to consider various factors before making a purchase. Your specific needs, budget, lifestyle, and work requirements should be taken into account before making a decision to ensure the truck you buy fits your needs. - 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
Refinancing:
The process of obtaining a new mortgage to replace an existing one, often to secure a lower interest rate.