National Consumer Credit Protection Act 2009
View history note
Hide history noteWhen this section applies
133BW(1)
This section applies if:
(a) a consumer who is the debtor under a credit card contract has a credit card termination entitlement under the contract; and
(b) the consumer has requested to terminate the consumer ' s credit card contract.
Requirement
133BW(2)
The licensee who is the credit provider under the credit card contract must take reasonable steps to ensure that the request is given effect to as soon as practicable.
Civil penalty: 5,000 penalty units.
Offence
133BW(3)
A person commits an offence if:
(a) the person is subject to a requirement under subsection (2); and
(b) the person engages in conduct; and
(c) the conduct contravenes the requirement.
Criminal penalty: 50 penalty units.
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