Document ID: chunk:federal_register_of_legislation:C2024A00138:clause:2_24
Version: federal_register_of_legislation:C2024A00138
Segment Type: clause
Provision Reference: sch 2 cl 24
Character Range: 71512–72243

24  After subsection 158(1)
Insert:

Exceptions—credit activity relating to low cost credit contracts
 (1A) Subsection (1) does not apply if the credit representative gives the consumer the licensee's credit guide:
 (a) for the purpose of satisfying subsection 113(1) in connection with the provision of credit assistance to the consumer in relation a low cost credit contract; or
 (b) for the purpose of satisfying subsection 126(1) in connection with entry into a low cost credit contract with the consumer; or
 (c) for the purpose of satisfying subsection 127(1) in connection with the assignment to the licensee of rights or obligations of a credit provider under a low cost credit contract.

Form and content of credit guide