Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019 (17 of 2019)

Schedule 3   Amendment of the National Consumer Credit Protection Act 2009

Part 1   Amendments of the infrastructure provisions for civil penalties, offences and infringement notices

National Consumer Credit Protection Act 2009

41   Subsections 174(3) and (4) of the National Credit Code

Repeal the subsections (including the note), substitute:

(3) A lessor must not enter into a consumer lease that contravenes a requirement of this section.

Civil penalty: 5,000 penalty units.

(4) A lessor commits an offence of strict liability if the lessor enters into a consumer lease that contravenes a requirement of this section.

Criminal penalty: 100 penalty units.