Document ID: chunk:federal_register_of_legislation:C2024C00826:clause:1_53
Version: federal_register_of_legislation:C2024C00826
Segment Type: clause
Provision Reference: sch 1 cl 53
Character Range: 836672–837268

53  Offence for noncompliance
 (1) A credit provider must not:
 (a) enter into a mortgage that contravenes a requirement of this Division; or
 (b) otherwise contravene a requirement of this Division.
Criminal penalty: 50 penalty units.
 (2) A credit provider must not enter into a mortgage that is void or unenforceable, or that includes a provision that is void or unenforceable, because of this Division.
Criminal penalty: 50 penalty units.
 (3) Subsections (1) and (2) are offences of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.

Division 2—Guarantees