Commonwealth Consolidated Acts Commonwealth Consolidated ActsWhen this section applies
(1) This section applies if:
(a) either:
(i) a consumer makes a request to a licensee (otherwise than by using a website of the licensee) to be provided with a Key Facts Sheet for one or more standard home loans of the licensee that are specified in the request; or
(ii) the regulations require a consumer, in circumstances prescribed by the regulations, to be provided with a Key Facts Sheet for one or more standard home loans of a licensee; and
(b) the consumer has given the licensee the consumer's name, and the contact details required by the regulations.
Requirement
(2) The licensee must, in accordance with any requirements prescribed by the regulations:
(a) provide the consumer with a Key Facts Sheet containing up - to - date information for the standard home loan, or for each of the standard home loans; and
(b) provide the consumer with any other information relating to other standard home loans of the licensee that is required by the regulations.
Note: Subsection 133AE(4) and section 133AF provide defences to liability under this subsection.
Civil penalty: 5,000 penalty units.
Offence
(3) A person commits an offence if:
(a) the person is subject to a requirement under subsection (2); and
(b) the person engages in conduct; and
(c) the conduct contravenes the requirement.
Criminal penalty: 50 penalty units.
Note: Subsection 133AE(4) and section 133AF provide defences to liability under this subsection.