National Consumer Credit Protection Amendment (Low Cost Credit) Regulations 2025 (F2025L00303)

Schedule 1   Amendments

Part 2   Application provisions

National Consumer Credit Protection Regulations 2010

18   At the end of Part 6-3

Add:

49L Application and transitional - Part 1 of Schedule 1 to the National Consumer Credit Protection Amendment (Low Cost Credit) Regulations 2025

Low cost credit contracts - fees or charges

(1) Regulation 69G, as inserted by Part 1 of Schedule 1 to the National Consumer Credit Protection Amendment (Low Cost Credit) Regulations 2025, applies in relation to contracts entered into before, on or after the commencement of Part 1 of Schedule 2 to the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 (the amending Part ).

Note: Regulation 69G applies only on and after the delayed commencement time: see item 8 of Schedule 2 to the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024.

Default notices

(2) The amendments made by items 7, 8 and 12 to 17 of Part 1 of Schedule 1 to the National Consumer Credit Protection Amendment (Low Cost Credit) Regulations 2025 apply in relation to a default that occurs on or after the commencement of that Schedule.