National Consumer Credit Protection Act 2009

This section applies if:

a consumer who is the debtor under a credit card contract has a credit limit reduction entitlement under the contract; and

the consumer has requested to exercise the entitlement by reducing the credit limit of the contract.

The licensee who is the credit provider under the credit card contract must not do any of the following:

suggest that the consumer apply for an increase to the credit limit of the contract;

suggest that the consumer not reduce the credit limit of the contract;

if the consumer’s request is to reduce the credit limit of the contract by a specified amount—suggest that the consumer instead reduce the credit limit by a smaller amount.

A person commits an offence if:

the person is subject to a requirement under subsection (2); and

the person engages in conduct; and

the conduct contravenes the requirement.