National Consumer Credit Protection Act 2009

CHAPTER 3 - RESPONSIBLE LENDING CONDUCT  

PART 3-5A - MORTGAGE BROKERS AND MORTGAGE INTERMEDIARIES  

Division 2 - Best interests obligations  

Subdivision A - Licensees that provide credit assistance in relation to credit contracts  

SECTION 158LA  

158LA   LICENSEE MUST ACT IN THE BEST INTERESTS OF THE CONSUMER  

The licensee must act in the best interests of the consumer in relation to the credit assistance.

Civil penalty: 5,000 penalty units.