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Qld lender Firstmac breached laws
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Qld lender Firstmac breached laws

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Marshall Hall
Jul 10, 2024
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Qld lender Firstmac breached laws
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Queensland-headquartered non-bank lender Firstmac Limited has become the first company found guilty of breaching new laws designed to protect consumers.

The Federal Court today (July 10) found the Brisbane company breached the new design and distribution obligations (DDO) regime, which was introduced in October 2021.

The so-called DDO regime requires issu…

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