Document ID: chunk:federal_register_of_legislation:C2024C00826:section:160a
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 160A
Character Range: 430604–431924

160A  Guide to this Part

      This Part has a number of miscellaneous rules that require responsible lending conduct when engaging in credit activities or particular types of credit activities. Some of these rules apply to a person even if the person is not required to be licensed.
      Division 2 prohibits licensees from making particular representations when providing a credit service to a consumer.
      Division 2A restricts the use and disclosure of certain documents and information.
      Division 3 prohibits a person (whether licensed or not) from giving false or misleading information in the course of engaging in a credit activity.
      Division 4 may require a credit provider or lessor (whether licensed or not) to give notice when, and in some cases before, giving an employer of a debtor or lessee an authorisation by the debtor or lessee to make deductions from amounts payable by the employer to the debtor or lessee.
      Division 5 provides that ASIC may determine periods for the purpose of determining the unsuitability of credit card contracts.
      Division 6 prohibits licensees that carry on a business of providing credit under small amount credit contracts from making certain kinds of referrals (called proscribed referrals) in certain circumstances.

Division 2—Representations