Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) Subregulation (2) applies to a licensee to whom the rights of a credit provider under a credit contract have been assigned.
(2) For paragraph 164 (d) of the Act:
(a) paragraph 132 (2) (c) of the Act is modified by omitting '7 business days' and inserting '15 business days'; and
(b) paragraph 132 (2) (d) is modified by omitting '21 business days' and inserting '25 business days'.
(3) Subregulation (4) applies to a licensee to whom the rights of a lessor under a consumer lease have been assigned.
(4) For paragraph 164 (d) of the Act:
(a) paragraph 155 (2) (c) of the Act is modified by omitting '7 business days' and inserting '15 business days'; and
(b) paragraph 155 (2) (d) is modified by omitting '21 business days' and inserting '25 business days'.
Note Paragraph 164 (d) of the Act provides that the regulations may provide that Chapter 3 of the Act applies as if specified provisions were omitted, modified or varied as specified in the regulations.