National Consumer Credit Protection Act 2009

SCHEDULE 1 - NATIONAL CREDIT CODE  

Note:

See section 3 of the National Credit Act.

PART 2 - CREDIT CONTRACTS  

Division 2 - Debtor ' s monetary obligations  

24A   Offences related to prohibited monetary obligations - credit assistance providers  

View history reference

24A(1)    
A person must not provide credit assistance to a consumer by:


(a) suggesting that the consumer apply for a particular small amount credit contract with a particular credit provider; or


(b) assisting the consumer to apply for a particular small amount credit contract with a particular credit provider;

if the person knows, or is reckless as to whether, the contract will contravene subsection 23A(1).

Criminal penalty: 50 penalty units.


24A(2)    
If a person provides credit assistance to a consumer that is prohibited by subsection (1):


(a) the consumer is not liable (and is taken never to have been liable) to pay any fees or charges to the person in relation to:


(i) the credit assistance; or

(ii) any other services provided by the person in connection with the credit assistance; and


(b) the consumer may recover as a debt due to the consumer the amount of any such fees or charges paid by the consumer to the person.

 View history note

 

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