(1)  For the purposes of the application of Part 11 of the Consumer Credit (Tasmania) Regulations to a particular credit provider –

(a) where a provision of that Part contains a reference to the commencement of the Code and there was in force on 28 February 1997 an order under section 5 or 6 of the Act in respect of that credit provider, that reference is taken to be a reference to the day on which that order took effect; or

(b) where a provision of that Part contains a reference to the commencement of the Code and there was no such order in force on that day, that reference is taken to be a reference to 1 March 1997.

(2)  This regulation does not derogate from the application of the Code or the Consumer Credit (Tasmania) Regulations as a law of Tasmania.

Displayed and numbered in accordance with the Rules Publication Act 1953.

Notified in the Gazette on 29 November 2006

These regulations are administered in the Department of Justice.

EXPLANATORY NOTE

(This note is not part of the regulation)

These regulations –

(a) provide that, for the purposes of the application of Part 11 of the Consumer Credit (Tasmania) Regulations to a particular credit provider, a reference to the commencement of the Consumer Credit (Tasmania) Code in that Part is a reference to the day on which a certain order under section 5 or 6 of the Consumer Credit (Tasmania) Act 1996 took effect or to 1 March 1997; and

(b) are made consequentially on the repeal of the Consumer Credit (Tasmania) (Transitional) Regulations 1997 under section 11 of the Subordinate Legislation Act 1992 .