Document ID: chunk:federal_register_of_legislation:C2022A00087:clause:19_8
Version: federal_register_of_legislation:C2022A00087
Segment Type: clause
Provision Reference: sch 19 cl 8
Character Range: 70392–71377

8  Application of Division 1A of Part 7‑1 of the National Credit Act—avoidance schemes
(1) Division 1A of Part 7‑1 of the National Credit Act, as inserted by Part 4 of the amending Schedule, applies to conduct that relates to schemes connected with a contract if:
 (a) the contract was:
 (i) entered into on or after the day that Part 4 of the amending Schedule commences; or
 (ii) amended, on or after that day, to extend the term of the contract; and
 (b) the conduct occurs on or after the day that Part 4 of the amending Schedule commences.
(2) Division 1A of Part 7‑1 of the National Credit Act, as inserted by Part 4 of the amending Schedule, also applies to conduct that relates to schemes connected with a product intervention order made under Part 6‑7A of the National Credit Act if the conduct occurs on or after the day that Part 4 of the amending Schedule commences, whether the product intervention order came into force before, or comes into force on or after, that day.