APPENDIX 3
5892
2008-2009
The Parliament of the
Commonwealth of Australia
THE SENATE
National Consumer Credit Protection Bill 2009
(Amendments to be moved in committee of the whole)
(#) Clause 128, page 133 (line 5), omit “A”, substitute
“(1) Subject to subsection (2), a”.
(#) Clause 128, page 133 (after line 17), at the end of
the clause, add:
(2) Subsection (1) does not apply if:
(a) the credit contract is a mortgage;
and
(b) the assessment was made within 120
days (or other period prescribed by the regulations) before the credit period;
unless the licensee has reason to believe that an
assessment made for the purposes of paragraph (1)(c) would assess the contract
as no longer suitable for the consumer.
[extended settlement period for mortgages]
(#) Clause 130, page 134 (lines 15 to 28), omit
subclause (3).
[verification of consumer’s financial situation]
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