National Consumer Credit Protection Act 2009
CHAPTER 3
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RESPONSIBLE LENDING CONDUCT
PART 3-2B
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LICENSEES THAT ARE CREDIT PROVIDERS UNDER CREDIT CONTRACTS: ADDITIONAL RULES RELATING TO CREDIT CARD CONTRACTS
Division 5
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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.
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.
View history note
Hide history noteRequirement
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.
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