One of the great attractions of payday loans in Australia with no credit check is it is legal. The Australian government has brought several restrictions to control the lenders of payday loans with the rise of consumer violations. The payday lending companies in the country are regulated by the National Consumer Credit Protection Act of 2009 for ensuring fair transactions to the consumers.
The payday laws in the country also banned if the loan terms are 15 days or below, and now its legal term is from sixteen days to one year. In fact, the Government is keen to reduce the cost of payday loans to protect its citizens. Based on this law, the lenders must evaluate the financial ability of their consumers to repay the loan before approving it.