Document ID: chunk:federal_register_of_legislation:C2024C00826:section:229
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 229
Character Range: 561858–562582

229  Precautions against falsification of credit books

Requirement to take precautions against falsification
 (1) A person who is required by this Act to keep a credit book must take reasonable steps to:
 (a) guard against the falsification of the credit book; and
 (b) facilitate the discovery of any falsification of the credit book.
Civil penalty: 5,000 penalty units.

Offence
 (2) A person commits an offence if:
 (a) the person is subject to a requirement under subsection (1); and
 (b) the person engages in conduct; and
 (c) the conduct contravenes the requirement.
Criminal penalty: 6 months imprisonment.

Part 5‑4—Fees imposed by the National Consumer Credit Protection (Fees) Act 2009

Division 1—Introduction