Commonwealth Consolidated Acts

NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 229

Requirement to take precautions against falsification

  (1)   A person who is required by this Act to keep a credit book must take reasonable steps to:

  (a)   guard against the falsification of the credit book; and

  (b)   facilitate the discovery of any falsification of the credit book.

Civil penalty:   5,000 penalty units.

Offence

  (2)   A person commits an offence if:

  (a)   the person is subject to a requirement under subsection   (1); and

  (b)   the person engages in conduct; and

  (c)   the conduct contravenes the requirement.

Criminal penalty:   6 months imprisonment.