Credit (Commonwealth Powers) Act 2010 (NSW)

Credit (Commonwealth Powers) Act 2010 No 6

An Act to adopt the National Consumer Credit Protection Act 2009 of the Commonwealth and the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 of the Commonwealth, and to refer certain matters relating to the provision of credit and certain other financial transactions to the Parliament of the Commonwealth, for the purposes of section 51 (xxxvii) of the Commonwealth Constitution; and for other purposes.

1 Name of Act This Act is the Credit (Commonwealth Powers) Act 2010.

2 Commencement This Act commences on a day or days to be appointed by proclamation.

3 Definitions (1) In this Act— adoption means the adoption under section 4 (1). amendment reference means the reference under section 6 (1). Commonwealth Credit instrument means any instrument (whether or not of a legislative character) that is made or issued under the National Credit legislation. express amendment of the National Credit legislation means the direct amendment of the text of the National Credit legislation (whether by the insertion, omission, repeal, substitution or relocation of words or matter) by another Commonwealth Act or by an instrument under a Commonwealth Act, but does not include the enactment by a Commonwealth Act of a provision that has or will have substantive effect otherwise than as part of the text of the National Credit legislation. National Credit legislation means— (a) the National Consumer Credit Protection Act 2009 of the Commonwealth, and (b) the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 of the Commonwealth, and as in force from time to time. referred credit matter means a matter relating to either of the following— (a) credit, being credit the provision of which would be covered by the expression "provision of credit to which this Code applies" in the relevant version of the National Credit Code, (b) consumer leases, being consumer leases each of which would be covered by the expression "consumer lease to which Part 11 applies" in the relevant version of the National Credit Code. relevant version of the National Credit Code means the text of Schedule 1 to the National Consumer Credit Protection Act 2009 of the Commonwealth as originally enacted, and as later amended by the National Consumer Credit Protection Amendment Act 2010 of the Commonwealth. relevant version of the National Credit legislation means— (a) the National Consumer Credit Protection Act 2009 of the Commonwealth as originally enacted, and as later amended by the National Consumer Credit Protection Amendment Act 2010 of the Commonwealth, and (b) the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 of the Commonwealth. (2) Notes included in this Act do not form part of this Act.