Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 (69 of 2023)

Schedule 1   Modernising business communications

Part 4   Publication requirements and other amendments

National Consumer Credit Protection Act 2009

127   At the end of section 64 of the National Credit Code

Add:

Publishing notices

(8) A notice under subsection (1) or (3) is published in accordance with this subsection if it is published:

(a) unless paragraph (b) of this subsection applies - in a manner that results in the notice being accessible to the debtor and reasonably prominent; or

(b) if a determination in force under subsection (9) specifies one or manners in which such a notice may be published - in a manner so specified.

(9) For the purposes of paragraph (8)(b), ASIC may, by legislative instrument, make a determination specifying one or more manners in which a notice under subsection (1) or (3) may be published.

(10) A manner of publication may be specified in the determination only if ASIC considers that the manner of publication would result in such a notice being accessible to the debtor and reasonably prominent.