s 158LA
In forceLicensee must act in the best interests of the consumer
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 3Responsible lending conduct
Part 3-2BALicensees that are credit providers under credit contracts: additional rules relating to low cost credit contracts
Division 2Unsuitable low cost credit contracts
158LA Licensee must act in the best interests of the consumer
The licensee must act in the best interests of the consumer in relation to the credit assistance.
Civil penalty: 5,000 penalty units.
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