Over 7 million Australians use Buy Now Pay Later accounts, like Afterpay or Zip, and young people are the main adopters of this new form of credit. 

But now the government is keen to apply the same rules that govern our credit cards or loans to these services - in one of the biggest changes to The Credit Act in years. 

The government hopes the new laws will protect vulnerable people from accumulating debt by making everyone get a credit check to use the apps.

On today’s podcast, we’re going to take a look at what’s being proposed, why, and what the companies themselves think of the move.

Hosts: Sam Koslowski and Billi FitzSimons
Audio producer: James Elliott

Do you have feedback for the podcast? Share your thoughts via our survey!

Subscribe to The Daily Aus newsletter

Buy our book No Silly Questions

Over 7 million Australians use Buy Now Pay Later accounts, like Afterpay or Zip, and young people are the main adopters of this new form of credit. 
But now the government is keen to apply the same rules that govern our credit cards or loans to these services - in one of the biggest changes to The Credit Act in years. 
The government hopes the new laws will protect vulnerable people from accumulating debt by making everyone get a credit check to use the apps.
On today’s podcast, we’re going to take a look at what’s being proposed, why, and what the companies themselves think of the move.
Hosts: Sam Koslowski and Billi FitzSimons Audio producer: James Elliott
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This is a daily news podcast for young people in Australia. Join The Daily Aus team every weekday morning as we cover the news in your language. We’re a newsroom of young journalists, delivering news for young people.

TDA is completely independent. We are not owned by any larger media company.

This is a daily news podcast for young people in Australia. Join The Daily Aus team every weekday morning as we cover the news in your language. We’re a newsroom of young journalists, delivering news for young people.
TDA is completely independent. We are not owned by any larger media company.

This is a daily news podcast that breaks down issues important to young people in Australia.

The Daily Aus

The Daily Aus podcast is a five-minute entree to your news diet, and is presented by co-founders Sam (27) and Zara (25). Join them every weekday morning as they cover the news of the day in your language and take a deep dive into the biggest story of the day so that you’re armed with talking points when you meet your blind date, get caught chatting in the coffee line or have to face the in-laws. Over 400,000 Australians get their news from The Daily Aus on Instagram, and now they're hitting your headphones.

How the Buy Now, Pay Later changes affect you

https://api.omny.fm/orgs/fa326977-3de5-4283-9b8b-af3500c58607/clips/ab954b86-1851-4a1e-8581-b18600bf626f/transcript

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