Document ID: chunk:federal_register_of_legislation:C2012A00130:clause:3_124b
Version: federal_register_of_legislation:C2012A00130
Segment Type: clause
Provision Reference: sch 3 cl 124B
Character Range: 74407–75242

124B  Licensee who makes representations about credit assistance in relation to small amount credit contracts must display information etc.

Requirement
 (1) If a licensee represents that the licensee provides, or is able to provide, credit assistance to consumers in relation to small amount credit contracts:
 (a) the licensee must display information in accordance with the regulations at a place prescribed by the regulations; and
 (b) the licensee must ensure that any website of the licensee complies with the requirements prescribed by the regulations.
Civil penalty: 2,000 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: 50 penalty units.