17Penalty units in relation to pre‑commencement conduct remain at $100

17 Penalty units in relation to pre‑commencement conduct remain at $100 (1) If, because of this Part, an offence can be prosecuted after commencement in relation to conduct that occurred solely before commencement, the amount of a penalty unit in relation to that offence is $100. (2) Subitem (1) has effect despite section 4AA of the Crimes Act 1914. Part 3—Application of the National Credit Act (other than the new Credit Code) and Schedule 2 to this Act Division 1—Application of the National Credit Act (other than Chapter 3 and the new Credit Code) 17A Application of the National Credit Act (other than Chapter 3 and the new Credit Code) (1) The National Credit Act (other than Chapter 3 and the new Credit Code) applies from commencement. Note 1: The National Credit Act does not apply before commencement. However, see subitem (2), which provides that regulations made under section 329 of the National Credit Act may apply before commencement. Note 2: See item 19 for the application of Chapter 3 (which deals with responsible lending conduct) of the National Credit Act. Note 3: See items 2A and 3 for the application of the new Credit Code. Note 4: Generally, the National Credit Act (other than the new Credit Code) does not apply to contracts or other instruments made before commencement. However, see item 18 for exceptions to this. (2) Despite subitem (1), regulations made under section 329 of the National Credit Act may apply on and after the day section 3 of the National Credit Act commences.