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Short Term Cash Loans (Cash Converters)

Eligibility - Queensland residents

Principal Petitioner:

Bob Hoffman State Manager
Cash Converters Qld
Suite 16C
36 Shailer Park Qld 4128

Total Signatures - 1229

Sponsoring Member: Pat Purcell MP

Posting Date: 31/10/2007

Tabled Date: 31/10/2007

Responded By: Hon Kerry Shine MP on 2/01/2008

TO: The Honourable the Speaker and Members of the Legislative Assembly of Queensland
The petition of residents of the State of Queensland draws to the attention of the House: The Queensland Government is proposing legislative changes that will make it almost impossible for people with immediate financial needs to receive short-term cash loans. The proposed cap on interest rates and/or fees and charges may stop Cash Converters from providing this vital service, which helps tens of thousands of Queenslanders each year. Your petitioners therefore request the House to abandon this proposal so Queenslanders can continue to have choice in the marketplace for financial solutions.