Section 8C - National Consumer Credit Protection (Transitional and Consequential Provisions) Regulations 2010 - Modification of item 18 of Schedule 1 to the Act (Treatment of contracts or other instruments made before commencement)

8CModification of item 18 of Schedule 1 to the Act (Treatment of contracts or other instruments made before commencement)

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8C Modification of item 18 of Schedule 1 to the Act (Treatment of contracts or other instruments made before commencement)

8D Modification of item 20 of Schedule 1 to the Act (Application of Schedule 2 to this Act in relation to contracts or other instruments)

Part 3 Registration

10 The conditions on the registration

10A The conditions on the registration — special purpose funding entity

10B The conditions on the registration — referrals

Part 4 Exemptions and modifications

Division 1 Exemptions

Subdivision 1.1 Persons exempt from being registered

11 Persons exempt from being registered — general

12 Persons exempt from being registered — debt collectors

13 Persons exempt from being registered — third parties

14 Persons exempt from requiring registration — suppliers of goods or services

14A Persons exempt from requiring registration — suppliers of goods or services with branded or co-branded credit card

14B Persons exempt from requiring registration — fund raising special purpose entity

14C Persons exempt from requiring registration — securitisation entity

14D Persons exempt from requiring registration — employment agencies

Subdivision 1.2 Exempt credit activities

15 Activities exempt from being credit activities [see Note 2]

16 Activities exempt from being registered

Division 2 Modifications

16A Purpose of Division

Subdivision 2.1 Modifications — registered person party to servicing agreement with special purpose funding entity

16B Application of Subdivision

16BA Modification of item 4 of Schedule 2 to the Act

16BB Modification of item 6 of Schedule 2 to the Act

16C Modification of paragraph 14 (1) (a) of Schedule 2 to Act

Subdivision 2.2 Modifications — locums and temporary staff

16D Application of Subdivision

16E References to employee

Part 5 Infringement notices

17 Purpose of Part 5

18 Definitions for Part 5

19 When an infringement notice can be given

20 Contents of infringement notice

21 Amount of penalty if infringement notice given

22 Extension of time to pay penalty

23 Payment of penalty by instalments

24 Time for payment of penalty

25 Effect of payment of penalty

26 Withdrawal of infringement notice by nominated person