Document ID: chunk:federal_register_of_legislation:C2024A00138:clause:2_133bxd:p2
Version: federal_register_of_legislation:C2024A00138
Segment Type: clause
Provision Reference: sch 2 cl 133BXD (pt 2/2)
Character Range: 59242–60803

of which it would be reasonable to conclude that the credit contract is likely to be unsuitable for the consumer if the protected increase is made.
 (6) Despite subsections (3) and (4):
 (a) the licensee may, at any time after making the initial assessment and before making the protected increase, make a new assessment in relation to the protected increase for the purposes of paragraph 128(c); and
 (b) if the licensee does so, then subsection (4) of this section does not apply to the licensee in relation to the protected increase.

Definitions
 (7) In this section:
larger contract means a low cost credit contract that:
 (a) has a credit limit that is greater than the credit limit of the initial contract when the initial contract is entered; and
 (b) has terms that are otherwise substantially the same as the terms of the initial contract when the initial contract is entered.
protected increase: an increase to the credit limit of the initial contract is a protected increase if:
 (a) after the increase, the initial contract has a credit limit that is no greater than the maximum credit limit (within the meaning of subparagraph (3)(a)(i)); and
 (b) the terms of the initial contract after the increase are otherwise substantially the same as the terms of the initial contract immediately before the increase.
protected period means whichever of the following is shorter (disregarding paragraph (4)(b)):
 (a) the period covered by the initial assessment;
 (b) the period of 2 years beginning when the period covered by the initial assessment begins.