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Top Fairfield Debt Recovery Questions

Common legal questions answered by Debt Recovery lawyers.

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Q
What are the regulations around payday loans in Australia?

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Payday loans in Australia are regulated by the National Consumer Credit Protection Act 2009, which caps fees and interest rates that lenders can charge.;Lenders are also required to assess the borrower's ability to re...

Q
Can franchisees negotiate terms in the franchise agreement?

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While some terms may be negotiable, franchise agreements often have standard terms that apply to all franchisees.;It's important for franchisees to seek legal advice before signing to understand which terms can be neg...

Q
How does arbitration differ from mediation?

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Arbitration involves a binding decision by an arbitrator, while mediation seeks a mutually agreed resolution facilitated by a mediator.;Mediation is usually less formal and focuses on negotiation and settlement.

Q
How are interest rates regulated for loans in Australia?

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In Australia, the Reserve Bank of Australia (RBA) and the Australian Prudential Regulation Authority (APRA) oversee the regulation of interest rates for loans.;Banks and financial institutions also have their own inte...

Q
How do I apply for legal aid in Australia?

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You can apply for legal aid by contacting your local legal aid office and submitting an application form along with the required documents.;Applications can also be submitted online through the Legal Aid website in yo...

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