Document ID: chunk:federal_register_of_legislation:C2024C00826:clause:1_111
Version: federal_register_of_legislation:C2024C00826
Segment Type: clause
Provision Reference: sch 1 cl 111
Character Range: 919008–920734

111  Key requirements
 (1) For the purposes of this Division, a key requirement in connection with a credit contract (other than a continuing credit contract) is any one of the requirements of this Code contained in the following provisions:
 (a) subsection 17(3);
 (b) subsection 17(4);
 (c) subsection 17(5);
 (d) subsection 17(6);
 (e) paragraphs 17(8)(a) and (b)—but only in respect of retained credit fees and charges;
 (f) subsection 17(9);
 (g) subsection 17(11);
 (h) paragraphs 17(15)(a) and (b);
 (ha) subsection 17(15A);
 (i) subsection 23(1)—but only at the time the credit contract is entered into;
 (ia) section 31C;
 (j) subsection 32A(1);
 (k) subsection 32AA(2).
 (2) For the purposes of this Division, a key requirement in connection with a continuing credit contract is any one of the requirements of this Code contained in the following provisions:
 (a) paragraph 17(3)(b);
 (b) subsection 17(4);
 (c) subsection 17(5);
 (d) paragraphs 17(8)(a) and (b)—but only in respect of retained credit fees and charges;
 (e) subsection 17(9);
 (ea) subsection 17(15A);
 (f) subsection 23(1);
 (fa) subsection 32A(1);
 (fb) subsection 32AA(2);
 (g) subsection 34(6);
 (h) section 35.
 (2A) For the purposes of this Division, a key requirement in connection with a consumer lease is any one of the requirements of this Code contained in the following provisions:
 (a) subsection 174(1A);
 (b) subsection 175AA(1);
 (c) subsection 175AA(2);
 (d) section 179VA.
 (3) A key requirement relating to a disclosure or a statement of account extends to the requirements set out in Part 2 as to the manner in which the disclosure or statement is to be made, but does not extend to any requirements set out in the regulations.