What are the BNPL regulations?

The Australian Government passed legislation to regulate Buy Now, Pay Later (BNPL) products under the National Consumer Credit Protection Act 2009 (Cth) (Credit Act).

The Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 (Bill) is intended to strike the right balance between responsible lending and access to flexible payment options for consumers. The new regulations are effective on the 10th of June 2025.