Australian Capital Territory Numbered Regulations

CONSUMER CREDIT REGULATIONS (NO. 24 OF 1996)

TABLE OF PROVISIONS

   1.      These Regulations may be cited as the Consumer Credit Regulations.  
   2.      These Regulations commence on the day on which they are notified in the Gazette.  
   3.      In these Regulations, unless the contrary intention appears—“the Act” means the Consumer Credit Act 1995.  
   4.      (1) Where proceedings are instituted in, or are before, a court in a matter for the determination of which the Credit Tribunal and the court each have jurisdiction, the proceedings shall—  
   5.      For the purposes of subsection 10 (1) of the Act, the prescribed maximum annual percentage rate is 48% per annum for all classes of credit contracts to which the Consumer Credit (Australian Capital Territory) Code applies.