(1) Subject to
section 1(5), this Act applies to and in relation to a hire-purchase
agreement, and any agreement made in relation to a hire-purchase agreement,
that have effect immediately before the day on which section 38 of the Acts
Amendment and Repeal (Competition Policy) Act 2003 comes into operation 1 .
(2) Subject to this
section, this Act does not apply to or in relation to an exempt hire-purchase
agreement.
(3) Section 2 applies
to and in relation to an exempt hire-purchase agreement as if, in subsection
(2)(c) of that section, “in section 12A and” and “under
section 12” were deleted.
(4) For the purposes
of, and subject to, section 25, section 13(1) and (2) apply to and in relation
to an exempt hire-purchase agreement as if “ section 12A or” in
section 13(2) were deleted.
(5) Section 15(1)
(except paragraph (a)), (2), (3) and (6) and section 17 apply to and in
relation to an exempt hire-purchase agreement.
(6) Section 24 applies
to and in relation to an exempt hire-purchase agreement as if —
(a)
subsection (6)(a); and
(b) in
subsection (6)(b) “in any other case — ”,
were deleted.
(7) Section 25 applies
to and in relation to an exempt hire-purchase agreement.
(8) For the purposes
of subsections (4) and (7), the Third Schedule has effect in relation to an
exempt hire-purchase agreement.
(9) In this section
—
exempt hire-purchase agreement means a
hire-purchase agreement, and any agreement made in relation to a hire-purchase
agreement, entered into on or after the day referred to in subsection (1).
[Section 1A inserted: No. 70 of 2003 s. 38.]