Document ID: chunk:federal_register_of_legislation:C2024C00826:schedule:1:p1
Version: federal_register_of_legislation:C2024C00826
Segment Type: schedule
Provision Reference: sch 1 (pt 1/7)
Character Range: 696921–699843

Schedule 1—National Credit Code
Part 1—Preliminary
1 Short title
2 Interpretation generally
3 Meaning of credit and amount of credit
4 Meaning of credit contract
5 Provision of credit to which this Code applies
6 Provision of credit to which this Code does not apply
7 Mortgages to which this Code applies
8 Guarantees to which this Code applies
9 Goods leases with option to purchase to be regarded as sale by instalments
10 Deciding application of Code to particular contracts for the sale of land by instalments
11 Deciding application of Code to particular contracts for the sale of goods by instalments
12 Deciding application of Code to particular contracts for the sale of goods by instalments under related contracts
13 Presumptions relating to application of Code
13A Reverse mortgages
Part 1A—Extending the application of this Code
13B Application of this Code to buy now pay later contracts
13C Application of this Code to low cost credit contracts
13D Meaning of buy now pay later arrangement and buy now pay later contract
13E Meaning of low cost credit contract
Part 2—Credit contracts
Division 1—Negotiating and making credit contracts
14 Credit contract to be in form of written contract document
15 Other forms of contract
16 Precontractual disclosure
17 Matters that must be in contract document
18 Form and expression of contract document
18A Provisions that must not be included in credit contract for reverse mortgage
18B Disclosure if credit contract for reverse mortgage does not protect tenancy of person other than debtor
18C Independent legal advice before entry into credit contract for reverse mortgage
19 Alteration of contract document
20 Copy of contract for debtor
21 When debtor may terminate contract
22 Offence for noncompliance
Division 2—Debtor's monetary obligations
23 Prohibited monetary obligations—general
23A Prohibited monetary obligations—small amount credit contracts
24 Offences related to prohibited monetary obligations—credit providers
24A Offences related to prohibited monetary obligations—credit assistance providers
25 Loan to be in money or equivalent
26 Early payments and crediting of payments
26A Regulations about residential investment property
Division 3—Interest charges
27 Definitions relating to interest
27A Application of this Division
28 Limit on interest charges
29 Early debit or payment of interest charges prohibited
30 Default interest
30A Regulations about residential investment property
30B Regulations about credit card contracts
Division 4—Fees and charges
31 Prohibited credit fees or charges
31A Restrictions on fees and charges for small amount credit contracts
31B Credit provider or prescribed person must not require or accept payment of a fee or charge in relation to a small amount credit contract etc.
31C Prohibition on unexpired monthly fees in relation to small amount credit contracts
32 Fees or charges in relation to third parties