Commonwealth Consolidated Acts

NATIONAL CONSUMER CREDIT PROTECTION (TRANSITIONAL AND CONSEQUENTIAL PROVISIONS) ACT 2009 - SCHEDULE 16

1   Definitions

In this Schedule:

amending Schedule means Schedule   11 to the Financial Sector Reform (Hayne Royal Commission Response) Act 2020 .

2   Reportable situations to which sections   50B and 50C of the National Credit Act will apply

Sections   50B and 50C of the National Credit Act, as inserted by item   15 of the amending Schedule, apply in relation to reportable situations arising on or after 1   October 2021.

3   Application of ASIC's reporting obligations under section   50D of the National Credit Act

Section   50D of the National Credit Act, as inserted by item   15 of the amending Schedule, applies in relation to financial years ending on or after 30   June 2022.

4   Application of provisions dealing with notifying and compensating a person affected by a reportable situation

Subdivision C of Division   5 of Part   2 - 2 of the National Credit Act, as inserted by item   16 of the amending Schedule, applies in relation to reportable situations arising on or after 1   October 2021.