Sch 19Application provisions for Schedule 4 to the Financial Sector Reform Act 2022

Schedule 19—Application provisions for Schedule 4 to the Financial Sector Reform Act 2022

amending Schedule means Schedule 4 to the Financial Sector Reform Act 2022.

2 Amendments of the National Credit Act—repeal of rebuttable presumptions

The repeals of the following provisions of the National Credit Act, as made by Part 1 of the amending Schedule, apply for the purposes of proceedings relating to a contravention of a provision of the National Credit Act if the proceedings commence on or after the commencement of that Part:

(a) subsection 118(3A);
(b) subsection 123(3A);
(c) subsection 131(3A);
(d) subsection 133(3A).

3 Amendments of the National Credit Act—representations and communications

(1) The amendment, addition or insertion of the following sections of the National Credit Act, as made by Parts 1 and 2 of the amending Schedule, applies in relation to representations made on or after the day those Parts commence:

(a) section 124B;
(b) section 133CB;
(c) section 147A;
(d) section 156A.

(2) Section 133CF of the National Credit Act, as added by Part 1 of the amending Schedule, applies in relation to:

(a) the making of an unsolicited communication on or after the day that Part commences; and
(b) the arranging for the making of an unsolicited communication if the arrangement is entered into on or after that day.

4 Amendments of the National Credit Act—assessments

The amendment, addition or insertion of the following sections of the National Credit Act, as made by Parts 1 and 2 of the amending Schedule, applies in relation to preliminary assessments and assessments made on or after the day those Parts commence:

(a) section 124C;
(b) section 133CE;
(c) section 147B;
(d) section 156C.

5 Amendments of the National Credit Act—inquiries and verifications

The amendments of the following sections of the National Credit Act, as made by Parts 1 and 2 of the amending Schedule, apply in relation to verifications made on or after the day those Parts commence:

(a) section 117;
(b) section 130;
(c) section 140;
(d) section 153.

6 Amendments of the National Credit Act—payments required under small amount credit contracts or consumer leases

The amendment, addition or insertion of the following sections of the National Credit Act, as made by Parts 1 and 2 of the amending Schedule, applies in relation to small amount credit contracts or consumer leases entered into or offers made to enter into small amount credit contracts or consumer leases, on or after the day those Parts commence: