Treasury Laws Amendment (Banking Measures No. 1) Act 2018 (9 of 2018)

Schedule 5   Credit card reforms

Part 2   Credit limits

Division 2   Credit limit reductions

National Consumer Credit Protection Act 2009

16   Section 133B (paragraph relating to Division 4)

Repeal the paragraph, substitute:

Division 4 imposes restrictions on a licensee making offers etc. to increase the credit limit of a credit card contract, and imposes requirements aimed at ensuring the consumer can reduce the credit limit of a credit card contract.