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

46   Subsection 158(2) of the National Credit Code

Repeal the subsection, substitute:

(2) Accordingly, a reference in this Part to the provision of credit (or to a credit contract or related matters) does not include a reference to:

(a) the provision of credit under a continuing credit contract (or to a continuing credit contract or matters related to such a contract); or

(b) the provision of credit under a low cost credit contract (or to a low cost credit contract or matters related to such a contract).