Document ID: chunk:federal_register_of_legislation:F2022C00632:front:0:p8
Version: federal_register_of_legislation:F2022C00632
Segment Type: other
Provision Reference: 
Character Range: 18592–19819

from prescribed persons
  For paragraph 45(3)(b) of the Act, the seller or lessor of a motor vehicle is in a prescribed class if the seller or lessor:
 (a) holds a licence (however described) to deal or trade in that kind of motor vehicle; and
 (b) the licence is issued by a licensing authority in the State or Territory where the sale or lease of the motor vehicle happens.

Part 3—Specific rules for certain security interests

Note: This Part heading is reserved for future use.

Part 4—Enforcement of security interests

4.1  Relationship with consumer credit legislation
  For subsection 119(2) of the Act, a provision in Chapter 4 of the Act mentioned in an item of the table is taken to have been complied with, in the circumstances for the Act mentioned in the item, if a provision of the National Credit Code (the NCC) mentioned in the item has been complied with, in the circumstances for the NCC mentioned in the item.

Item  Provision of Act      Circumstances for Act                                                                                                                                                                                                           Provision of NCC   Circumstances for NCC