Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 (138 of 2024)
Schedule 2 Buy now, pay later
Part 3 Credit representatives
National Consumer Credit Protection Act 2009
23 After subsection 71(5)
Insert:
Exceptions - sub-authorisations relating to low cost credit contracts
(5A) Subsections (1) and (4) do not apply to an authorisation under subsection 65(1) (which deals with sub-authorisations) that authorises a person to engage in credit activities in relation to a low cost credit contract.
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