Federal Register of Legislation
ASIC Corporations (Card Facility Transfer) Instrument 2024/486 I, Nathan Bourne, delegate of the Australian Securities and Investments Commission, make the following notifiable instrument.
Date 13 June 2024
Nathan Bourne
Contents
Part 1—Preliminary 1 Name of notifiable instrument 2 Commencement 3 Authority 4 Definitions Part 2—Exemption 5 Exemption from Part 7.8A in relation to New Cards (Pre DDO) 6 Condition
Part 1—Preliminary
1 Name of notifiable instrument This is the ASIC Corporations (Card Facility Transfer) Instrument 2024/486.
2 Commencement This instrument commences on the day after it is registered on the Federal Register of Legislation. Note: The register may be accessed at www.legislation.gov.au.
3 Authority This instrument is made under paragraph 994L(1)(a) of the Corporations Act 2001.
4 Definitions In this instrument: Act means the Corporations Act 2001. AMEX Australia means American Express Australia Limited (ABN 92 108 952 085, Australian Credit Licence number 291313). consumer has the meaning given in section 5 of the National Credit Act. credit contract has the meaning given in section 5 of the National Credit Act. credit provider has the meaning given in section 5 of the National Credit Act. entering into, in relation to a credit contract, includes being assigned the rights of a credit provider under the credit contract. Latitude Finance means Latitude Finance Australia (ABN 42 008 583 588, Australian Credit Licence Number 392145). Latitude Terms and Conditions means the terms and conditions that apply to the applicable Latitude Finance credit card contracts. National Credit Act means the National Consumer Credit Protection Act 2009. New Card (Pre DDO) means a credit contract or credit contracts between a consumer and Latitude Finance where: (a) the consumer was a party to an AMEX David Jones Card that was entered into before 5 October 2021; (b) Latitude Finance has entered into a credit contract with the consumer in connection with an assignment of the AMEX David Jones Card; and
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate