Australian Capital Territory Repealed Acts

This legislation has been repealed.

CREDIT ACT 1985 (REPEALED) - SECT 8

    (1)     This Act applies to a person to whom the rights and obligations of—

        (a)     a credit provider under a credit contract; or

        (b)     a debtor under a credit contract; or

        (c)     a guarantor under a contract of guarantee; or

        (d)     a credit provider under a contract of guarantee; or

        (e)     a mortgagee; or

        (f)     a mortgagor;

have been assigned or transferred or have passed by operation of law in the same way as this Act applies to the person by whom the rights and obligations were assigned or transferred or from whom the rights and obligations have passed by operation of law.

    (2)     Nothing in subsection (1) operates to confer any rights under this Act on an assignee of a credit provider or mortgagee if the assignment is in contravention of this Act.

    (3)     Subsection (1) does not apply if the rights and obligations referred to in subsection (1) (b), (c) or (f) are assigned or transferred, or pass by operation of law, to a body corporate.