Consumer Credit Legislation Amendment (Enhancements) Act 2012 (130 of 2012)

Schedule 5   Consumer leases

National Consumer Credit Protection Act 2009

30   Subsection 204(1) of the National Credit Code (definition of enforcement proceedings)

Repeal the definition, substitute:

enforcement proceedings means:

(a) for a credit contract, consumer lease or guarantee - proceedings in a court to recover a payment due under the contract, lease or guarantee; or

(b) for a consumer lease or mortgage - taking possession of property under the lease or mortgage; or

(c) for a mortgage - taking any other action to enforce the mortgage.