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

Schedule 2   Buy now, pay later

Part 5   Contract documents and statements of account

National Consumer Credit Protection Act 2009

35   Application provision

(1) On and after the commencement of this Part, section 17 of the National Credit Code applies in relation to a buy now pay later contract or a low cost credit contract only if the contract was entered into on or after the commencement of this Part.

(2) Paragraph 33(3)(g) of the National Credit Code, as added by this Part, applies on and after the commencement of this Part in relation to a low cost credit contract entered into before, on or after that commencement.