Credit Unions (Amendment) Bill
Clause 7 - Specified financial activities
Clause 7 and the Schedule 1 it introduces the option to enable a credit union to expand the range of financial services they can provide; these include entering into conditional sales agreements, entering into hire purchase agreements and carrying on insurance distribution activities.
The clause also provides a power for the Department to specify requirements or restrictions in relation to such activities and to specify further financial activities by regulations, following consultation.