National Consumer Credit Protection Act 2009
Note:
See section 3 of the National Credit Act.
PART 2 - CREDIT CONTRACTS Division 2 - Debtor ' s monetary obligations 24 Offences related to prohibited monetary obligations - credit providers
View history note
Hide history noteA credit provider must not:
(a) enter into a credit contract on terms imposing a monetary liability prohibited by subsection 23(1); or
(b) require or accept payment of an amount in respect of a monetary liability that cannot be imposed consistently with this Code.
Civil penalty: 5,000 penalty units.
24(1A)
A credit provider must not:
(a) enter into a small amount credit contract on terms imposing a monetary liability prohibited by subsection 23A(1); or
(b) require or accept payment of an amount in respect of a monetary liability that cannot be imposed consistently with this Code.
Civil penalty: 5,000 penalty units.
Offence
24(2)
A person commits an offence of strict liability if:
(a) the person is subject to a requirement under subsection (1) or (1A); and
(b) the person engages in conduct; and
(c) the conduct contravenes the requirement.
Criminal penalty: 100 penalty units.
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