Speedy Finance is bound by the National Consumer Credit Protection Act of 2009. Over the past 4 years the Industry has changed dramatically and recently on March 1 and then again on July 1 2013 more amendments were finalised, mostly to protect the consumer.
For more information about the National Consumer Credit code please visit www.asic.gov.au/credit
From July 1, 2013 the permitted fees for small amount credit contracts are the same regardless of which State in Australia you live in.
From 1 July 2013 there are new rules relating to unsuitable credit contracts, fees or charges in relation to a small amount credit contract, the annual cost rate of credit contracts and default in payment by direct debit under a small amount credit contract.
The Regulation prohibits loan-splitting in order to circumvent the cap on the maximum amount of costs which can be charged under a credit contract. It also prohibits a credit provider from recovering charging third-party fees (for example, fees charged by a third party for providing access to the credit through cashing a cheque), where the third party has been introduced to a consumer to provide a service in relation to a small amount credit contract.
http://www.langes.com.au/consumercredit/2012/12/14/small-amount-credit-contract-regulations/#sthash.z2A1V6U2.dpuf
https://www.moneysmart.gov.au/borrowing-and-credit/consumer-credit-regulation