Document ID: chunk:federal_register_of_legislation:C2012A00130:clause:4_19
Version: federal_register_of_legislation:C2012A00130
Segment Type: clause
Provision Reference: sch 4 cl 19
Character Range: 99231–99798

19  After subsection 114(1) of the National Credit Code
Insert:
 (1A) On application being made by a debtor or a guarantor for an order in relation to a small amount credit contract, the maximum penalty that may be imposed by the court for a contravention of a key requirement is an amount not exceeding the sum of the following amounts:
 (a) the amount of the permitted establishment fee payable in relation to the contract;
 (b) the total amount of the permitted monthly fees payable in relation to the contract based on the term of the contract when it was made.