National Consumer Credit Protection Act 2009
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View history notePt 3-6A inserted by No 130 of 2012, s 3 and Sch 1 [ 25], effective 1 March 2013.
Div 1 inserted by No 130 of 2012, s 3 and Sch 1 [ 25], effective 1 March 2013.
This Part has a number of miscellaneous rules that require responsible lending conduct when engaging in credit activities or particular types of credit activities. Some of these rules apply to a person even if the person is not required to be licensed.
Division 2 prohibits licensees from making particular representations when providing a credit service to a consumer.
Division 2A restricts the use and disclosure of certain documents and information.
Division 3 prohibits a person (whether licensed or not) from giving false or misleading information in the course of engaging in a credit activity.
Division 4 may require a credit provider or lessor (whether licensed or not) to give notice when, and in some cases before, giving an employer of a debtor or lessee an authorisation by the debtor or lessee to make deductions from amounts payable by the employer to the debtor or lessee.
Division 5 provides that ASIC may determine periods for the purpose of determining the unsuitability of credit card contracts.
Division 6 prohibits licensees that carry on a business of providing credit under small amount credit contracts from making certain kinds of referrals (called proscribed referrals) in certain circumstances.
S 160A inserted by No 130 of 2012, s 3 and Sch 1 [ 25], effective 1 March 2013; amended by No 9 of 2018, s 3 and Sch 5[7], effective 1 January 2019; No 87 of 2022, s 3 and Sch 4 [ 58], effective 19 December 2022; No 87 of 2022, s 3 and Sch 4 [ 75], effective 12 June 2023.
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