Document ID: chunk:federal_register_of_legislation:C2023C00239:clause:10_3
Version: federal_register_of_legislation:C2023C00239
Segment Type: clause
Provision Reference: sch 10 cl 3
Character Range: 23987–24604

3  Application of ban on conflicted remuneration
(1) Subject to subitem (2), Division 4 of Part 3‑5A of the National Credit Act, as inserted by item 5 of Schedule 3 to the amending Act, applies to a benefit given on or after 1 July 2020 to a licensee, or a representative of a licensee, if the benefit is given under an arrangement entered into on or after 1 July 2020.
(2) The regulations may prescribe circumstances in which that Division applies, or does not apply, to a benefit given to a licensee or a representative of a licensee.

Part 2—Consequential amendments

National Consumer Credit Protection Act 2009