Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) Disclosures for the purposes of the Code relating to a credit contract linked to a loan account offset arrangement may be made on the assumption that the contract is not linked to the arrangement.
(2) If the amount of interest charges under a credit contract is affected by a loan account offset arrangement during a statement period:
(a) the statement of account is to disclose the net interest charge debited under the credit contract during the statement period; and
(b) the statement of account must also show the amount by which the net interest differs from the interest charge that would otherwise have been payable under the credit contract if the interest charge had not been affected by the loan account offset arrangement.