REPEALING the WA Hire Purchasing Act will be the focus of the new WA chairman of the Australian Finance Conference.
New chair, AGC WA senior manager David Evans, who replaces RAC Finance state manager Michael Heath, said the 1959 Act was past its used-by date and was out of line with the rest of Australia.
Existing uniform Federal credit legislation was enough to keep the industry in check, he said.
The industry body for finance companies and lenders has focused on consumer and equipment finance lending for more than 30 years.
“The main purpose of the conference is to keep on top of any legislative changes, economic conditions and changing market situations,” Mr Evans said.
During his 12-month term, Mr Evans will focus on legislative changes the AFC has been pursuing for some years
The Act will be go through the Lower House of the WA Parliament during the current session, but Mr Evans fears the momentum could be lost as the Government and the opposition get bogged into pre-election mode.
“I would like to think we can get the Hire Purchase Act repealed over the next 12 months,” he said.
“I would also like to see more dialogue between the members to discuss things that effect us all.”
Mr Evans said he hoped to maintain a close relationship with Government departments that had an influence on the industry.
