National Consumer Credit Protection Act 2009

SCHEDULE 1 - NATIONAL CREDIT CODE  

Note:

See section 3 of the National Credit Act.

PART 7 - RELATED SALE CONTRACTS  

Division 3 - Liability of credit providers in relation to goods  

133  

133   Subrogation of credit provider  

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History

S 133 heading substituted by No 130 of 2012, s 3 and Sch 1 [ 61].

If a judgment given in proceedings arising under section 129 is enforced against a linked credit provider of a particular supplier, the credit provider is subrogated to the extent of the judgment so enforced to any rights that the debtor would have had but for the judgment against the supplier or any other person in respect of the loss or damage suffered by the debtor as a result of the misrepresentation, breach of contract or failure of consideration in relation to the contract from which the liability arose.

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