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National Consumer Credit Protection Act 2009

National Consumer Credit Protection Act 2009

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an Australian legislation
an Australian legislation

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Published by: LEX-57 the lex engine on May 09, 2010
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10/26/2011

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The financial records must be kept in sufficient detail to show
particulars of:

(a)

all money received or paid by the licensee; and

(b)

for each credit contract under which the licensee is the credit
provider:

(i)

the amount and day of all payments made by or on
behalf of the debtor under the credit contract; and

(ii)

all amounts (including principal, interest, fees and
charges) owed by the debtor under the credit contract;
and

(c)

for each consumer lease under which the licensee is the
lessor—the amount and day of all payments made by or on
behalf of the lessee under the consumer lease; and

(d)

for each guarantee under which the licensee is the beneficiary
of the guarantee—the amount and day of all payments made
by or on behalf of the guarantor under the guarantee; and

(e)

all income received by the licensee from commissions,
interest, and other sources, and all expenses, commissions,
and interest paid by the licensee; and

(f)

all the assets and liabilities (including contingent liabilities)
of the licensee; and

(g)

any other matters prescribed by the regulations.

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