Treasury Laws Amendment (Banking Measures No. 1) Act 2018 (9 of 2018)
Schedule 5 Credit card reforms
Part 2 Credit limits
Division 2 Credit limit reductions
National Consumer Credit Protection Act 2009
16 Section 133B (paragraph relating to Division 4)
Repeal the paragraph, substitute:
Division 4 imposes restrictions on a licensee making offers etc. to increase the credit limit of a credit card contract, and imposes requirements aimed at ensuring the consumer can reduce the credit limit of a credit card contract.
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