Credit (Commonwealth Powers) (Transitional and Consequential Provisions) Act 2010

After section 21(1) insert:

Subsection (1) does not apply in respect of a year commencing on an anniversary falling on or after the referral day.

Regulations may provide for the Commissioner to repay to a licensee part or all of a fee paid by the licensee under subsection (1) in respect of a year commencing on an anniversary falling within 12 months before the referral day.

After section 21(2) insert:

A statement is not required under subsection (2) in respect of a year commencing on an anniversary falling on or after the referral day, or within 12 months before the referral day.