Consumer Credit Legislation Amendment (Enhancements) Act 2012 (130 of 2012)

Schedule 2   Reverse mortgages

Part 1   Definitions

Division 2   Other definitions

National Consumer Credit Protection Act 2009

8   Subsection 204(1) of the National Credit Code

Insert:

reverse mortgaged property , in relation to a credit contract for a reverse mortgage, means a dwelling or land that has been mortgaged to secure a debtor's obligations under the contract.