Great Outcome for SME’s Borrowing – Royal Commission

Posted on 5th February, 2019 in News

Moody Kiddell & Partners welcomes the release of Commissioner Hayne’s final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.Royal Commission - SMEs borrowing

  • There is no finding of market failure in the commercial broker channel.
  • The National Consumer Credit Protection Act (NCCP Act) should not extend to small business lending.

What does it mean for you?

  • It will not be more difficult to secure funding for your business
  • Cost of borrowing is not likely to increase because of additional regulation.