Australian Capital Territory Repealed Acts

This legislation has been repealed.

CREDIT ACT 1985 (REPEALED) - SECT 12

    (1)     For this Act, if a credit provider enters into a loan contract with a person who is a buyer of goods and services supplied by a supplier and—

        (a)     the credit provider knows or ought reasonably to know that the buyer enters into the loan contract wholly or partly for the purposes of payment for the goods and services; and

        (b)     at the time the loan contract is entered into, the credit provider is a linked credit provider of the supplier;

that loan contract shall be taken to be a tied loan contract .

    (2)     For this Act, if a credit provider provides credit under a continuing credit contract in relation to the payment by the debtor for goods and services supplied by a supplier in relation to whom the credit provider is a linked credit provider, that continuing credit contract shall be taken to be a tied continuing credit contract .