National Consumer Credit Protection Act 2009

CHAPTER 6 - COMPLIANCE AND ENFORCEMENT  

PART 6-7A - PRODUCT INTERVENTION ORDERS  

Division 2 - Product intervention orders  

SECTION 301N  

301N   PRODUCT INTERVENTION ORDERS MAY REQUIRE NOTIFICATION  


A product intervention order in relation to a credit product may:


(a) require that a specified person who has engaged in a credit activity in relation to the product in respect of a consumer take reasonable steps to notify the consumer:


(i) of the terms of the order; and

(ii) of any other matter specified in regulations made for the purposes of this subparagraph; and


(b) specify requirements in relation to giving those notifications (including requirements as to the periods within which to give those notifications).


 

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