Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 (138 of 2024)

Schedule 2   Buy now, pay later

Part 3   Credit representatives

National Consumer Credit Protection Act 2009

21   Paragraph 64(5)(c)

Repeal the paragraph, substitute:

(c) a person who is not a member of the AFCA scheme to engage in a credit activity in relation to a contract that is not a low cost credit contract; or

(ca) a person who is not a member of the AFCA scheme to collect, on the licensee's behalf, repayments made by a debtor under a low cost credit contract; or