National Consumer Credit Protection Act 2009

E77537

Australian federal statute consumer credit law

The National Consumer Credit Protection Act 2009 is an Australian federal law that regulates consumer credit and lending practices, establishing licensing, responsible lending obligations, and consumer protections overseen by the Australian Securities and Investments Commission.

Statements (45)

Predicate	Object
instanceOf	Australian federal statute → consumer credit law →
abbreviation	NCCP Act →
administeredBy	Australian Securities and Investments Commission →
appliesTo	consumer leases for personal, domestic or household purposes → credit contracts for personal, domestic or household purposes →
commenced	2010 →
contains	civil penalty provisions → conduct obligations for licensees → criminal offence provisions → disclosure requirements for credit contracts → hardship variation provisions → remedies for unjust transactions → responsible lending obligations →
country	Australia →
enforcedBy	Australian Securities and Investments Commission → courts of Australia →
establishes	Australian credit licence framework → national licensing regime for consumer credit →
imposesObligationsOn	credit assistance providers → credit providers → mortgage brokers →
includes	National Credit Code →
jurisdiction	Commonwealth of Australia →
legislature	Parliament of Australia →
partOf	Australian consumer protection framework →
purpose	to promote responsible lending practices → to protect consumers in relation to credit activities → to provide a national framework for regulation of consumer credit →
regulates	consumer credit → consumer leases → credit assistance providers → credit providers → mortgage brokers → responsible lending conduct →
relatedTo	Australian Securities and Investments Commission Act 2001 → Competition and Consumer Act 2010 → Corporations Act 2001 →
replaced	state and territory-based consumer credit laws for most consumer credit →
requires	credit assistance providers to hold an Australian credit licence → credit providers to hold an Australian credit licence →
scope	national regulation of consumer credit activities in Australia →
sector	financial services regulation →
shortTitle	National Consumer Credit Protection Act 2009 →
yearEnacted	2009 →

Referenced by (3)

Subject (surface form when different)	Predicate
Australian Securities and Investments Commission →	legalBasis
Australian Securities and Investments Commission Act 2001 →	relatedTo
National Consumer Credit Protection Act 2009 →	shortTitle