Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 (69 of 2023)

Schedule 3   Rationalisation of ending ASIC instruments

Part 5   Notice requirements in the hardship provisions of the National Credit Code

Division 1   Amendments

National Consumer Credit Protection Act 2009

38   After subsection 177C(1) of the National Credit Code

Insert:

(1A) Subsection (1) does not apply if the lessor and the lessee agree to a change to the consumer lease that defers or otherwise reduces the obligations of the lessee under that lease for a period not exceeding 90 days.