Australian Capital Territory Repealed Acts

This legislation has been repealed.

CREDIT ACT 1985 (REPEALED) - SECT 19B

    (1)     Subject to subsection (2), this Act does not apply to a credit contract made on or after the commencement of the provisions referred to in the Consumer Credit Act 1995 , section 2 (2) .

    (2)     This Act applies to—

        (a)     a credit contract (other than a continuing credit contract) and a mortgage or guarantee relating to such a credit contract—

              (i)     made on or after the commencement of the provisions referred to in the Consumer Credit Act 1995 , section 2 (2) if the offer to enter into it was made before that commencement; and

              (ii)     to which this Act would have applied if the credit contract had been made before that commencement; and

        (b)     a credit contract (other than a continuing credit contract) and a mortgage or guarantee relating to such a credit contract made on or after that commencement, but not later than 1 month after that commencement, if—

              (i)     the credit contract does not comply with the Consumer Credit (Australian Capital Territory) Code; and

              (ii)     had the credit contract been made before that commencement, this Act would have applied to it and it would have complied with this Act.