Document ID: chunk:federal_register_of_legislation:C2024C00826:clause:1_39c
Version: federal_register_of_legislation:C2024C00826
Segment Type: clause
Provision Reference: sch 1 cl 39C
Character Range: 825459–826048

39C  Credit provider must do prescribed things if a default in payment by direct debit occurs
 (1) If:
 (a) the amount of repayments under a small amount credit contract are to be paid by way of direct debit; and
 (b) the direct debit has been authorised by the debtor; and
 (c) a default in the payment of an amount of a repayment occurs;
the credit provider must do the things prescribed by the regulations.
Criminal penalty: 50 penalty units.
 (2) In this section, direct debit has the same meaning as in section 87.

Division 6—Certain transactions not to be treated as new contracts