Regulations
16 Regulations
(1) The Administrator may make regulations containing provisions of a savings or transitional nature consequent on:
the enactment of this Act; or
(b) the transition from the application of the provisions of the former consumer credit legislation to the application of provisions of the National Credit legislation.
(2) Without limiting subsection (1), a regulation made under this section may continue the operation of a repealed provision.
(3) A regulation made under this section may have retrospective operation to a day not earlier than the commencement of this section.
(4) However, to the extent to which a provision has retrospective operation, the provision does not operate to the disadvantage of a person (other than the Territory or a Territory authority) by:
decreasing the person's rights; or
imposing liabilities on the person.
(5) This section, and a regulation made under this section, expire 2 years after this section commences.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.