There are three cash loan machines on the Central Coast, including one at San Remo.

Member for Swansea and Shadow Minister for Better Regulation, Yasmin Catley, said the government shut down debate on the Bills on Thursday, potentially delaying any ban by six months.

“These Bills could be law by next week protecting some of the most vulnerable in our community but this government doesn’t care about real reform to protect consumers,” Ms Catley said.

The Opposition argued the machines preyed on struggling individuals and families by offering “small amount credit contracts” that trapped low-income earners in vicious debt cycles.

The loans are described as “leases” to avoid caps on ordinary loan costs under national credit laws.

People could walk away with a loan of between $50 and $1000 and need only to provide minimal information – phone number and internet banking details and a debit card, Ms Catley said.

Federal Labor introduced a Bill to minimise harm of payday loan products at a federal level in February.

“Our national laws have not caught up to protect people from these insidious and unscrupulous practices.

“These predacious instant cash loan machines and payday loans (SACCs) avoid national credit laws and are popping up in many communities across NSW,” she said.

“In the absence of national reforms, NSW Labor is committed to doing what it can and will rid the state of the scourge of these payday loan machines.”

She said a Labor government would prioritise the reforms.

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