Sch 1 (National Credit Code), s 112
In forceApplication for order relating to key requirements
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 6Compliance and enforcement
Part 6-5APenalties for offences
Division 2Penalty for committing an offence
112 Application for order relating to key requirements
(1)
An application for an order under this Division may be made by:
(a)
a party to a credit contract or consumer lease; or
(b)
a guarantor in relation to a credit contract; or
(c)
ASIC.
(2)
A debtor, lessee or guarantor may not make an application for an order under this Division in respect of a contravention in connection with a contract or consumer lease if the contravention is or has been subject to an application for an order made by the credit provider, lessor or ASIC anywhere in Australia under this Code.
(3)
Subsection (2) does not prevent an application from being made for an order for the payment of compensation under section 118.
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