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Sch 1 (National Credit Code), s 158

Part not to apply to continuing credit contracts or low cost credit contracts

In force
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 6Compliance and enforcement
Part 6-7AProduct intervention orders
Division 2Product intervention orders

158 Part not to apply to continuing credit contracts or low cost credit contracts

(1)

This Part does not apply to advertising or other matters about the provision of credit under continuing credit contracts or low cost credit contracts.

(2)

Accordingly, a reference in this Part to the provision of credit (or to a credit contract or related matters) does not include a reference to:

(a)

the provision of credit under a continuing credit contract (or to a continuing credit contract or matters related to such a contract); or

(b)

the provision of credit under a low cost credit contract (or to a low cost credit contract or matters related to such a contract).

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