Document ID: chunk:federal_register_of_legislation:F2025L00303:clause:1_49l
Version: federal_register_of_legislation:F2025L00303
Segment Type: clause
Provision Reference: sch 1 cl 49L
Character Range: 14208–15224

49L  Application and transitional—Part 1 of Schedule 1 to the National Consumer Credit Protection Amendment (Low Cost Credit) Regulations 2025

Low cost credit contracts—fees or charges
 (1) Regulation 69G, as inserted by Part 1 of Schedule 1 to the National Consumer Credit Protection Amendment (Low Cost Credit) Regulations 2025, applies in relation to contracts entered into before, on or after the commencement of Part 1 of Schedule 2 to the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 (the amending Part).
Note: Regulation 69G applies only on and after the delayed commencement time: see item 8 of Schedule 2 to the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024.

Default notices
 (2) The amendments made by items 7, 8 and 12 to 17 of Part 1 of Schedule 1 to the National Consumer Credit Protection Amendment (Low Cost Credit) Regulations 2025 apply in relation to a default that occurs on or after the commencement of that Schedule.