Australian Securities and Investments Commission Credit (Updated details for prescribed disclosure) Instrument 2016/200 (Cth)

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ASIC Credit (Updated details for prescribed disclosure) Instrument 2016/200 I, Stephen Yen PSM, delegate of the Australian Securities and Investments Commission, make the following legislative instrument. Dated  11 March 2016 Stephen Yen Contents Part 1—Preliminary 1    Name of legislative instrument 2    Commencement 3    Authority 4    Definitions Part 2—Declaration 5    Update to information in reverse mortgage information statements and warnings in relation to small amount credit contracts Part 1—Preliminary 1        Name of legislative instrument This instrument is the ASIC Credit (Updated details for prescribed disclosure) Instrument 2016/200. 2        Commencement This instrument commences on the day after it is registered on the Federal Register of Legislation. Note:    The register may be accessed at Authority This instrument is made under paragraph 163(3)(d) of the National Consumer Credit Protection Act 2009. 4        Definitions In this instrument: Act means the National Consumer Credit Protection Act 2009. Regulations means the National Consumer Credit Protection Regulations 2010. Part 2—Declaration 5        Update to information in reverse mortgage information statements and warnings in relation to small amount credit contracts The provisions to which Part 3-7 of the Act applies apply in relation to a licensee as if the Regulations were modified or varied as follows: (a)     in Schedule 5A under the heading “SOURCES OF OTHER INFORMATION”, omit the last paragraph, including Note 3; (b)     in Schedule 7 (last dot point), omit “13 17 94”, substitute “ (c)     in Schedule 9 (last dot point), omit “13 17 94”, substitute “