The NCCP Act contains provisions relating to small amount credit...

The NCCP Act contains provisions relating to small amount credit contracts. The NCCP Act (s 5) defines a “small amount credit contract” as a contract where:• the credit limit is $2,000 or less;• the term is at least 16 days but not longer than one year;• the credit provider is not an “authorised deposit-taking institution” and the contract is not a “continuing credit contract”; and• the consumer’s obligations under the contract are not secured.

So from this I gather Afterpay have to keep it as a continuing credit contract to keep themselves outside the small amount credit contract under NCCP.