Credit (Commonwealth Powers) (Transitional and Consequential Provisions) Act 2009 (Tas)

Credit (Commonwealth Powers) (Transitional and Consequential Provisions) Act 2009

An Act to amend and repeal certain Acts, rescind and revoke certain other legislation and provide for matters of a transitional nature consequent on the enactment of the National Consumer Credit Protection Act 2009 of the Commonwealth and for related purposes [Royal Assent 11 December 2009]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

PART 1 - Preliminary

1. Short title This Act may be cited as the Credit (Commonwealth Powers) (Transitional and Consequential Provisions) Act 2009 .

2. Commencement The provisions of this Act commence on a day or days to be proclaimed.

3. Interpretation In this Act, unless the contrary intention appears – ASIC means the Australian Securities and Investments Commission established by the Australian Securities and Investments Commission Act 1989 of the Commonwealth and continued in existence by section 261 of the ASIC Act; Director means the Director of Consumer Affairs and Fair Trading appointed under section 9 of the Consumer Affairs Act 1988 ; former consumer credit legislation means any of the following (as in force immediately before its repeal by this Act): (a) the Consumer Credit (Tasmania) Act 1996 (including the Consumer Credit (Tasmania) Code and the Consumer Credit (Tasmania) Regulations); (b) the Consumer Credit (Tasmania) (Jurisdiction of Courts) Regulations 2006 ; (c) the Consumer Credit (Tasmania) (Transitional) Regulations 2006 ; 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; proceedings has the same meaning as in the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 of the Commonwealth.