The Australian Small Amount Credit Contract Market: Risks and Opportunities

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Commonly referred to as a ‘payday loan’, a Small Amount Credit Contract (SACC) is an unsecured loan where the amount of credit is $2000 or less, and the term of the contract is between 16 days and one year. By all metrics the industry is on the rise, and is positioning itself as an influential component of consumer credit and debt, especially among Australians with low to modest incomes.
This research focuses specifically on comparing the current Australian market and regulatory environment to those in the United Kingdom, the United States, Canada and New Zealand in addition to the regulatory impact on low income consumers of SACC products.


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This research was undertaken as part of the ACFS Commissioned Paper Series.

The presentation was delivered to the ACFS Banking Research Reference Group.