NATIONAL CONSUMER CREDIT PROTECTION (TRANSITIONAL AND CONSEQUENTIAL PROVISIONS) ACT 2009 (NO. 135, 2009)

Contents

Part 1--Preliminary 2

1............ Short title............................................................................................ 2

2............ Commencement.................................................................................. 2

3............ Schedule(s).......................................................................................... 3

Part 2--Dictionary 4

4............ Dictionary........................................................................................... 4

5............ Meaning of corresponds..................................................................... 8

Part 3--Other matters 10

6............ Regulations may deal with transitional matters................................ 10

7............ Acquisition of property................................................................... 11

Schedule 1--Transition from the old Credit Codes to the National Credit Act 12

Part 1--Introduction 12

Part 2--Transition from the old Credit Codes to the new Credit Code 13

Division 1--Object of this Part 13

Division 1A--Application of the new Credit Code 13

Division 2--Treatment of contracts or other instruments made before commencement 14

Division 3--Treatment of court and tribunal proceedings and orders 15

Division 4--General transitional provisions relating to other things done etc. under the old Credit Code 19

Part 3--Application of the National Credit Act (other than the new Credit Code) and Schedule 2 to this Act 27

Division 1--Application of the National Credit Act (other than Chapter 3 and the new Credit Code) 27

Division 2--Application of Chapter 3 of the National Credit Act 28

Division 3--Application of Schedule 2 to this Act 29

Part 4--Transitional provisions relating to ASIC 30

Schedule 2--Registration of persons to engage in credit activities 32

Part 1--Introduction 32

Part 2--Transitional prohibitions relating to credit activities 34

Division 1--Prohibition that applies only from commencement to 31 December 2010, or later prescribed day 34

Division 2--Prohibition that applies only from 1 January 2011, or later prescribed day, to the transition end day 35

Division 3--Application of Division 3 of Part 2‑1 of the National Credit Act in relation to registered persons and this Schedule 37

Part 3--Registration of persons who engage in credit activities 39

Division 1--How to become registered 39

Division 2--The conditions on the registration 42

Division 3--Obligations of registered persons 44

Division 4--When registrations can be suspended, cancelled or varied 48

Part 4--Application of other provisions of the National Credit Act in relation to registered persons and this Schedule 55

Part 5--Exemptions and modifications relating to this Schedule 61

Part 6--Regulations relating to infringement notices 64

Schedule 3--Consequential amendments 65

Commonwealth Numbered Acts