Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 (138 of 2024)

Schedule 2   Buy now, pay later

Part 7   Interest rates and comparison rates

National Consumer Credit Protection Act 2009

42   After subsection 34(6) of the National Credit Code

Insert:

(6A) Subsection (6) applies in relation to a low cost credit contract only if interest charges are payable under the contract.