National Consumer Credit Protection Act 2009

SCHEDULE 1 - NATIONAL CREDIT CODE  

Note:

See section 3 of the National Credit Act.

PART 6 - PENALTIES FOR DEFAULTS OF CREDIT PROVIDERS AND LESSORS  

Division 1 - Penalties for breach of key disclosure and other requirements  

119   General provisions relating to applications by credit providers, lessors or ASIC  

119(1)    
An application for an order by a credit provider, a lessor or ASIC:

(a)    may apply to any one or more credit contracts or consumer leases; and

(b)    may apply to all or any class of credit contracts entered into by the credit provider or lessor during a specified period (for example, all credit contracts entered into during a specified period which are affected by a specified contravention).

119(2)    

The court may require notice of any such application to be published by notice, in a form approved by the court, in a newspaper circulating throughout one or more States or Territories, as the court determines.

119(3)    
Notice of an application by a credit provider or lessor must be given by the credit provider or lessor to ASIC.