Commonwealth Consolidated Regulations

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NATIONAL CONSUMER CREDIT PROTECTION REGULATIONS 2010 - REG 28F

Proposal disclosure document--when information about fees and charges not required

  (1)   This regulation is made for the following provisions of the Act:

  (a)   subsection   121(3A) (credit proposal disclosure document of credit assistance providers for credit contracts);

  (b)   subsection   144(3A) (lease proposal disclosure document of credit assistance providers for consumer leases).

  (2)   The licensee's proposal disclosure document need not contain the information mentioned in subparagraphs   28E(2)(a)(iii) to (vii) and (3)(a)(iv) to (viii) if:

  (a)   the amount of the fee or charge has previously been disclosed in the licensee's quote for providing credit assistance and the amount has not changed; and

  (b)   the quote was given to the consumer no more than 30 days before the day the licensee is required to provide the consumer with the proposal disclosure document; and

  (c)   the proposal disclosure document includes a statement with the fees and charges that the consumer should refer to the quote for more information about the fees and charges.



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