Australian Capital Territory Repealed Acts

This legislation has been repealed.

CREDIT ACT 1985

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Name of Act  
   2.      Dictionary  
   2A.     Notes  
   3.      Application of Act and transitional provisions  
   4.      Act binds Crown  
   6.      Jurisdiction of courts and ACAT  
   7.      Removing proceedings from ACAT to Magistrates Court  
   8.      Assignors, assignees etc of rights and obligations  
   9.      Contracts of employment excluded  
   10.     Annual percentage rate  
   11.     Credit charge  
   12.     Tied contracts  
   13.     Contracts for hiring of goods  
   14.     Certain contracts not credit sale contracts  
   15.     Loan contracts not to include certain credit  
   16.     Business of providing credit  
   17.     Recognised States  
   18.     Exceptions from application of Act  
   19.     Variation of application of Act  
   19B.    Act not to apply to new credit contracts  
   19C.    Act to continue to apply in certain cases  

   PART 2--CONTRACTS OF SALE

   20.     Application of pt 2  
   21.     Contract of sale conditional on grant of credit  
   22.     Supplier not to require buyer to obtain credit from specified person  
   23.     Consequence of discharge of certain contracts  
   24.     Linked credit provider  
   25.     Consequential discharge of tied loan contract and mortgage  
   26.     Discharge of tied continuing credit contract on discharge or rescission of contract of  
   27.     Operation of s 25 and s 26  
   28.     Disputes  
   29.     Notice of rescission etc to linked credit provider  

   PART 3--REGULATED CONTRACTS

           Division 3.1--Credit sale contracts and loan contracts

   30.     Application of pt 3  
   31.     Contracts to be in writing  
   32.     Form of offer  
   33.     Copy of accepted offer to be given  
   34.     Debtor to be given prescribed statement  
   35.     Disclosure in credit sale contracts  
   36.     Disclosure in loan contracts  
   37.     ‘Add-on' contracts  
   38.     Statement of annual percentage rate  
   39.     Acceptable rate of interest  
   40.     Inclusion of more than 1 rate of interest in contract  
   41.     Variation ineffective without notice  
   42.     Civil penalty  
   43.     Offence  
   44.     Minimum credit charge  
   45.     Statement for debtor or guarantor on request  
   46.     Copy of document for debtor or guarantor  
   47.     ACAT may determine reasonable fees etc  

           Division 3.2--Continuing credit contracts

   48.     Interpretation for div 3.2  
   49.     Application of pt 3 to continuing credit contracts  
   50.     Billing cycle  
   51.     Payment on behalf of debtor  
   52.     Chargeable amount  
   53.     Amount payable under continuing credit contract  
   54.     Credit charge  
   55.     Annual percentage rate