Australian Capital Territory Repealed Acts

This legislation has been repealed.

CREDIT ACT 1985 (REPEALED) - SECT 20

    (1)     In this part, a reference to a contract of sale is a reference to—

        (a)     a contract of sale of goods and services if the cash price in relation to the sale is not more than—

              (i)     if the contract of sale is a regulated credit sale contract—the amount prescribed by the regulations for section 30 (1); or

              (ii)     if there is a regulated loan contract made in relation to the contract of sale—the amount prescribed by the regulations for section 30 (2) (a); or

              (iii)     in any other case—$20 000; or

        (b)     a contract of sale of goods, being a commercial vehicle or farm machinery; or

        (c)     a contract of sale—

              (i)     of goods, being a commercial vehicle or farm machinery; and

              (ii)     of other goods and services.

    (2)     For this part, a reference to a "buyer" or a person who buys or proposes to buy goods and services does not include a reference to a body corporate.