National Consumer Credit Protection Act 2009
Note:
See section 3 of the National Credit Act.
PART 12 - MISCELLANEOUS Division 3 - General provisions 191 Contracting out 191(1)A provision of a contract or other instrument by which a person seeks to avoid or modify the effect of this Code is void.
191(2)
A provision of a contract or other instrument by which a person seeks to have the debtor, mortgagor or guarantor indemnify the credit provider for any loss or liability arising under this Code is void.
191(3)
A credit provider that is a party to any such contract or other instrument commits an offence.
Criminal penalty: 100 penalty units.
191(4)
Subsection (3) is an offence of strict liability.
Note:
For strict liability, see section 6.1 of the Criminal Code .
191(5)
Subsection (2) does not affect the operation of subsection 60(2).
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
