National Consumer Credit Protection Act 2009

For the purposes of this Division, a key requirement in connection with a credit contract (other than a continuing credit contract) is any one of the requirements of this Code contained in the following provisions:

subsection 17(3);

subsection 17(4);

subsection 17(5);

subsection 17(6);

paragraphs 17(8)(a) and (b)—but only in respect of retained credit fees and charges;

subsection 17(9);

subsection 17(11);

paragraphs 17(15)(a) and (b);

subsection 17(15A);

subsection 23(1)—but only at the time the credit contract is entered into;

section 31C;

subsection 32A(1);

subsection 32AA(2).

For the purposes of this Division, a key requirement in connection with a continuing credit contract is any one of the requirements of this Code contained in the following provisions:

paragraph 17(3)(b);

subsection 17(4);

subsection 17(5);

paragraphs 17(8)(a) and (b)—but only in respect of retained credit fees and charges;

subsection 17(9);

subsection 17(15A);

subsection 23(1);

subsection 32A(1);

subsection 32AA(2);

subsection 34(6);

section 35.

For the purposes of this Division, a key requirement in connection with a consumer lease is any one of the requirements of this Code contained in the following provisions:

subsection 174(1A);

subsection 175AA(1);

subsection 175AA(2);

section 179VA.

A key requirement relating to a disclosure or a statement of account extends to the requirements set out in Part 2 as to the manner in which the disclosure or statement is to be made, but does not extend to any requirements set out in the regulations.