Section 131A — Competition and Consumer Act 2010: Division does not apply to financial services

(1) Despite section 131, this Division does not apply, other than in relation to the following provisions of Schedule 2 as they apply as a law of the Commonwealth, to the supply, or possible supply, of services that are financial services, or of financial products: (a) Division 3A of Part 3-2; (b) Division 3A of Part 4-2; (c) Part 5-5. (2) Without limiting subsection (1): (a) Part 2-1 of Schedule 2 and sections 34 and 156 of Schedule 2 do not apply to conduct engaged in in relation to financial services; and (b) Part 2-3 of Schedule 2 does not apply to, or in relation to: (i) contracts that are financial products; or (ii) contracts for the supply, or possible supply, of services that are financial services; and (c) if a financial product consists of or includes an interest in land—the following provisions of Schedule 2 do not apply to that interest: (i) section 30; (ii) paragraphs 32(1)(c) and (d) and (2)(c) and (d); (iii) paragraphs 50(1)(c) and (d); (iv) section 152; (v) subparagraphs 154(1)(b)(iii) and (iv) and (2)(b)(iii) and (iv); (vi) subparagraphs 168(1)(b)(iii) and (iv); and (d) sections 39 and 161 of Schedule 2 do not apply to: (i) a credit card that is part of, or that provides access to, a credit facility that is a financial product; or (ii) a debit card that allows access to an account that is a financial product.