Financial Sector Reform Act 2022 (87 of 2022)

Schedule 4   Consumer credit reforms

Part 1   Small amount credit contracts

National Consumer Credit Protection Act 2009

17   Paragraph 82(2)(b) of the National Credit Code

Repeal the paragraph, substitute:

(b) either:

(i) for a credit contract that is not a small amount credit contract - the interest charges and all other fees and charges payable by the debtor to the credit provider up to the date of termination; or

(ii) for a small amount credit contract - all fees and charges payable by the debtor to the credit provider up to the date of termination, excluding any unexpired monthly fee;