National Consumer Credit Protection Amendment Regulation 2012 (No. 2) (Cth)

National Consumer Credit Protection Amendment Regulation 2012 (No. 2)¹

Select Legislative Instrument 2012 No. 201

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the National Consumer Credit Protection Act 2009.

Dated 16 August 2012

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

WAYNE SWAN

Treasurer

1. Name of regulation

This regulation is the National Consumer Credit Protection Amendment Regulation 2012 (No. 2).

1. Commencement

This regulation commences on the day after it is registered.

1. Amendment of National Consumer Credit Protection Regulations 2010

Schedule 1 amends the National Consumer Credit Protection Regulations 2010.

Schedule 1          Amendment

(section 3)

[1]          Regulation 25M

omit

‘(3)Subsections (1) and (2) do not apply if:

(a)a consumer applies to a licensee for a credit card; and

(b)the licensee provides a credit card to the consumer before 1 July 2012.’.

insert

‘(3)Subsections (1) and (2) do not apply if the application is made using an application form provided by the licensee to the consumer before 1 July 2012.’

Note

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See