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NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 273

Guide to this Part

This Part   is about criminal and civil proceedings that ASIC may bring after it has conducted an investigation under this Chapter.

Division   2 deals with criminal proceedings. After an investigation of a person under this Chapter, ASIC may prosecute the person for an offence against the Commonwealth credit legislation (i.e. this Act or the National Credit Transitional Act). It may also require others to provide it with reasonable assistance in connection with the prosecution.

Division   2 also deals with civil proceedings. After an investigation of a person under this Chapter, ASIC may bring civil proceedings against a person in particular circumstances. However, under this Division, ASIC cannot bring civil proceedings under the Commonwealth credit legislation. This is because Part   4 - 2 (which deals with remedies) and the National Credit Code deal with when ASIC can bring those proceedings.



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