Commonwealth Numbered Regulations

PRIVACY REGULATION 2013 (SLI NO 262 OF 2013) - REG 6

                   For paragraph (e) of the definition of consumer credit liability information in subsection 6(1) of the Act, the terms or conditions of the consumer credit are the following:

                     (a)  how the principal and interest on the consumer credit are to be paid, namely whether:

                              (i)  the principal and interest are to be paid in full; or

                             (ii)  the principal and interest are to be paid, leaving a residual unpaid amount of principal and interest at the end of the term of the consumer credit; or

                            (iii)  only the interest is to be paid;

                     (b)  whether the term of the consumer credit is fixed or revolving;

                     (c)  if the term of the consumer credit is fixed--the length of the term;

                     (d)  whether the individual is a guarantor to another individual in relation to the other individual's credit;

                     (e)  whether the consumer credit is secured or unsecured;

                      (f)  any variation to any of the terms or conditions mentioned in paragraphs (a) to (e).