National Consumer Credit Protection Act 2009

CHAPTER 3 - RESPONSIBLE LENDING CONDUCT  

PART 3-6A - MISCELLANEOUS RULES  

Division 5 - Periods for determining unsuitability in respect of credit card contracts  

SECTION 160F   PERIODS FOR DETERMINING UNSUITABILITY IN RESPECT OF CREDIT CARD CONTRACTS  

160F(1)    
ASIC may, by legislative instrument, determine a period for the purposes of the following provisions:

(a) paragraph 118(3AA)(b) ;

(b) paragraph 119(3A)(b) ;

(c) paragraph 123(3AA)(b) ;

(d) paragraph 124(3A)(b) ;

(e) paragraph 131(3AA)(b) ;

(f) paragraph 133(3AA)(b) .

160F(2)    
Without limiting subsection (1), a legislative instrument referred to in that subsection may determine different periods in relation to the following:

(a) different classes of credit card contracts;

(b) different credit limits;

(c) different rates of interest.