Earlier this month, new regulations for buy now, pay later (BNPL) services in Australia came into effect. Here, a BigLaw partner explains how and why this has come to pass and what the implications are for consumers and practitioners alike.

In this episode of The Lawyers Weekly Show, host Jerome Doraisamy speaks with Dentons partner Yechiel Belfer about the circumstances, including the banking royal commission, that have led to the introduction of the BNPL laws, the headline takeaways from the new regulations, and what it all means for providers, customers, and professionals as a result.

Belfer also touches on whether the laws strike the right balance, the challenges for lawyers moving forward, how practitioners can move forward, and whether there are opportunities to grasp to better service clients.

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