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May 5, 2010

Consumer credit hardship threshold reduced

The new threshold is $336,270 (down from $350,240) .

The next change will be on 13 May 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 5th May 2010 by admin in Legal