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February 13, 2010

Consumer credit hardship threshhold increased

The new threshold is $374,330 (up from $354,530) . The next change will be on 10 March 2010.

Further information is available at Hardship Threshold.

From 1 July 2010 (when the National Credit Law starts) the threshold will be fixed at $500,000.

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Posted 13th February 2010 by David Jacobson in Legal