National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 (135 of 2009)

Schedule 1   Transition from the old Credit Codes to the National Credit Act

Part 3   Application of the National Credit Act (other than the new Credit Code) and Schedule 2 to this Act

Division 3   Application of Schedule 2 to this Act

20   Application of Schedule 2 to this Act in relation to contracts or other instruments

(1) Schedule 2 to this Act (which deals with registration) does not apply in relation to a contract or other instrument that was made before commencement.

Note 1: Schedule 2 applies in relation to contracts or other instruments made on or after commencement.

Note 2: Schedule 2 applies from the time it commences (see item 3 of the commencement table in section 2). However, some provisions of Schedule 2 expressly provide that parts of Schedule 2 apply from a later time.

(2) Despite subitem (1), the regulations may provide for the application of all or specified provisions of Schedule 2 to a person (including the registration of that person) in relation to credit activities engaged in on or after commencement in relation to a carried over instrument.