Credit (Commonwealth Powers) Act 2010 (WA)

Western Australia Credit (Commonwealth Powers) Act 2010 Western Australia Credit (Commonwealth Powers) Act 2010 Contents 1. Short title 2 2. Commencement 2 3. Terms used 2 4. Adoption of National Credit legislation 3 5. Termination of the adoption 4 6. Reference of matters 4 7. Matters excluded from reference 5 8. Termination of references 6 9. Amendment of Commonwealth law 6 10. Effect of termination of amendment reference before termination of adoption of Commonwealth Acts 7 Notes Compilation table 9 Defined terms Western Australia Credit (Commonwealth Powers) Act 2010 An Act to adopt the National Consumer Credit Protection Act 2009 (Commonwealth) as amended and the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 (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 Constitution of the Commonwealth. The Parliament of Western Australia enacts as follows:

1. Short title This is the Credit (Commonwealth Powers) Act 2010.

2. Commencement This Act comes into operation as follows — (a) sections 1 and 2 — on the day on which this Act receives the Royal Assent; (b) the rest of the Act — on a day fixed by proclamation.

3. Terms used In this Act, unless the contrary intention appears — 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 (Commonwealth); and (b) the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 (Commonwealth), 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 (Commonwealth) as originally enacted, and as later amended by the National Consumer Credit Protection Amendment Act 2010 (Commonwealth); relevant version of the National Credit legislation means — (a) the National Consumer Credit Protection Act 2009 (Commonwealth) as originally enacted, and as later amended by the National Consumer Credit Protection Amendment Act 2010 (Commonwealth); and (b) the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 (Commonwealth).