Commonwealth Consolidated Acts

NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 124A

Prohibition

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

  (a)   suggesting that the consumer apply, or assisting the consumer to apply, for a short - term credit contract; or

  (b)   suggesting that the consumer apply, or assisting the consumer to apply, for an increase to the credit limit of a particular short - term credit contract with a particular credit provider.

Civil penalty:   5,000 penalty units.

Offence

  (2)   A person commits an offence if:

  (a)   the person is subject to a requirement under subsection   (1); and

  (b)   the person engages in conduct; and

  (c)   the conduct contravenes the requirement.

Criminal penalty:   50 penalty units.