National Consumer Credit Protection Act 2009

SCHEDULE 1 - NATIONAL CREDIT CODE  

Note:

See section 3 of the National Credit Act.

PART 3 - RELATED MORTGAGES AND GUARANTEES  

Division 2 - Guarantees  

62   Offence for noncompliance  

62(1)    
A credit provider must not:

(a) enter into a guarantee that contravenes a requirement of this Division; or

(b) otherwise contravene a requirement of this Division.

62(2)    
A credit provider must not enter into a guarantee that is void or unenforceable, or that contains a provision that is void or unenforceable, because of this Division.

Criminal penalty: 50 penalty units.

62(3)    
Subsections (1) and (2) are offences of strict liability.

Note:

For strict liability, see section 6.1 of the Criminal Code .