National Consumer Credit Protection Act 2009

CHAPTER 3 - RESPONSIBLE LENDING CONDUCT  

PART 3-2B - LICENSEES THAT ARE CREDIT PROVIDERS UNDER CREDIT CONTRACTS: ADDITIONAL RULES RELATING TO CREDIT CARD CONTRACTS  

Division 5 - Use of credit card in excess of credit limit  

SECTION 133BJ   RECORDS OF CONSENTS AND WITHDRAWALS TO BE KEPT  

Requirement

133BJ(1)    
A licensee must, in accordance with the requirements prescribed by the regulations, keep a record of:

(a) consents the licensee obtains under section 133BI ; and

(b) withdrawals of such consents.

Civil penalty: 5,000 penalty units.

Offence

133BJ(2)    
A person commits an offence if:

(a) the person is subject to a requirement under subsection (1); and

(b) the person engages in conduct; and

(c) the conduct contravenes the requirement.

Criminal penalty: 50 penalty units.