National Consumer Credit Protection Act 2009

SCHEDULE 1 - NATIONAL CREDIT CODE  

Note:

See section 3 of the National Credit Act.

PART 11 - CONSUMER LEASES  

Division 7 - Changes to obligations under consumer leases  

Subdivision B - Changes on grounds of hardship and unjust transactions  

177H   Applications by ASIC  

177H(1)    
This section applies if ASIC considers that it is in the public interest to make an application under this Subdivision.

177H(2)    
ASIC may make an application under this Subdivision and has standing to represent the public interest.

177H(3)    
The application:

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

(b) may apply to all or any class of consumer leases entered into by a lessor during a specified period (for example, all leases entered into during a specified period that are affected by a specified matter for which relief is sought).