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

26   Application provision

When authorisation is of no effect

(1) The amendments of sections 64 and 65 of the National Consumer Credit Protection Act 2009 made by this Part apply, on and after the commencement of this Part, in relation to authorisations given before, on or after that commencement.

Obligation to notify ASIC

(2) Subsection 71(5A) of the National Consumer Credit Protection Act 2009, as inserted by this Part:

(a) to the extent that it relates to subsection 71(1) of that Act (which deals with the obligation to notify when an authorisation is given) - applies in relation to authorisations given on or after the commencement of this Part; and

(b) to the extent that it relates to subsection 71(4) of that Act (which deals with the obligation to notify of changes after an authorisation is given) - applies, on and after the commencement of this Part, in relation to authorisations given before, on or after that commencement.