20Application of Schedule 2 to this Act in relation to contracts or other instruments

20 Application of Schedule 2 to this Act in relation to contracts or other instruments (1) Schedule 2 to this Act (which deals with registration) does not apply in relation to a contract or other instrument that was made before commencement. Note 1: Schedule 2 applies in relation to contracts or other instruments made on or after commencement. Note 2: Schedule 2 applies from the time it commences (see item 3 of the commencement table in section 2). However, some provisions of Schedule 2 expressly provide that parts of Schedule 2 apply from a later time. (2) Despite subitem (1), the regulations may provide for the application of all or specified provisions of Schedule 2 to a person (including the registration of that person) in relation to credit activities engaged in on or after commencement in relation to a carried over instrument.