National Consumer Credit Protection Act 2009
SCHEDULE 1
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NATIONAL CREDIT CODE
This section applies if ASIC considers that it is in the public interest to make an application under this Division.
79(2)
ASIC may make an application under this Division and has standing to represent the public interest.
79(3)
The application:
(a) may apply to any one or more credit contracts; and
(b) may apply to all or any class of credit contracts entered into by a credit provider during a specified period (for example, all credit contracts entered into during a specified period that are affected by a specified matter for which relief is sought).
Note:
See section 3 of the National Credit Act.
PART 4 - CHANGES TO OBLIGATIONS UNDER CREDIT CONTRACTS, MORTGAGES AND GUARANTEES Division 3 - Changes on grounds of hardship and unjust transactions 79 Applications by ASIC 79(1)This section applies if ASIC considers that it is in the public interest to make an application under this Division.
79(2)
ASIC may make an application under this Division and has standing to represent the public interest.
79(3)
The application:
(a) may apply to any one or more credit contracts; and
(b) may apply to all or any class of credit contracts entered into by a credit provider during a specified period (for example, all credit contracts entered into during a specified period that are affected by a specified matter for which relief is sought).
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