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In New South Wales, the Governments timeline for submissions into the Debt Recovery in NSW (Inquiry) has now closed. Little is known about the reason why the inquiry is being undertaken.
The terms of reference of the inquiry are;That the Committee inquire into, and report on, the debt recovery framework in NSW and in particular:
Our industry body, the Institute of Mercantile Agents, has made a submission. Included in the submission was the adoption of a negative licensing regime, similar to that of Victoria and what Queensland is currently legislating.
We will follow this inquiry and report on the outcome in due course