South Australian Numbered Acts

CREDIT (TRANSITIONAL ARRANGEMENTS) ACT 2010 (NO 3 OF 2010) - SCHEDULE 1

Schedule 1—Related amendments and repeals

Part 1—Preliminary

1—Amendment provisions

In this Schedule, a provision under a heading referring to the amendment of a specified Act amends the Act so specified.

Part 2—Amendment of Bills of Sale Act 1886

2—Amendment of section 28—Bills of sale to be void in certain circumstances

        (1)         Section 28(2)—delete subsection (2) and substitute:

        (2)         A bill of sale that constitutes a goods mortgage to which the National Credit Code applies is not rendered void as against any person under subsection (1) by reason of the fact that it is not registered.

        (2)         Section 28—after subsection (3) insert:

        (4)         In this section—

National Credit Code means the National Credit Code in Schedule 1 to the National Consumer Credit Protection Act 2009 of the Commonwealth.

Part 3—Amendment of Criminal Law (Clamping, Impounding and Forfeiture of Vehicles) Act 2007

3—Amendment of section 3—Interpretation

Section 3(1), definition of credit provider , (a)—delete "the Consumer Credit (South Australia) Code " and substitute:

the National Credit Code in Schedule 1 to the National Consumer Credit Protection Act 2009 of the Commonwealth

Part 4—Amendment of Second-hand Vehicle Dealers Act 1995

4—Amendment of section 3—Interpretation

Section 3—definition of credit provider —delete the definition and substitute:

credit provider means a credit provider within the meaning of the National Credit Code in Schedule 1 to the National Consumer Credit Protection Act 2009 of the Commonwealth;

Part 5—Amendment of Security and Investigation Agents Act 1995

5—Amendment of section 4—Application of Act

Section 4(f)(viii)—delete subparagraph (viii) and substitute:

                  (viii)         a person lawfully carrying on the business of providing credit within the meaning of the National Credit Code in Schedule 1 to the National Consumer Credit Protection Act 2009 of the Commonwealth; or

Part 6—Amendment of Stamp Duties Act 1923

6—Amendment of section 76—Interpretation

Section 76, definition of mortgage —delete "section 10(3) of the Consumer Credit (South Australia) Code " and substitute:

section 9(3) of the National Credit Code in Schedule 1 to the National Consumer Credit Protection Act 2009 of the Commonwealth

Part 7—Repeal of Acts

7—Repeal of Consumer Credit (South Australia) Act 1995

The Consumer Credit (South Australia) Act 1995 is repealed.

8—Repeal of Credit Administration Act 1995

The Credit Administration Act 1995 is repealed.