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National Consumer Credit Protection Act 2009
301AGuide to this Part
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301A Guide to this Part
This Part aims to reduce the risk that credit contracts, mortgages, guarantees or consumer leases (credit products) or proposed credit products result in significant detriment for consumers.
Division 2 provides ASIC with powers that it can use proactively to reduce the risk of significant detriment to consumers resulting from credit products.
Division 2—Product intervention orders
301B Definitions
In this Part:
credit product has the meaning given by paragraph 301D(1)(a).
product intervention order means an order made under subsection 301D(1) or (3).