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Credit that is for a period of 62 days or less, except where the fees and charges exceed 5% of the amount of loan or where the interest rate is greater than 24%p.a |
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Credit provided without any prior agreement (eg. when a cheque account becomes overdrawn but there is no agreed overdraft facility) |
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Continuing credit where no interest is paid but where account charges
do not exceed $200 in the first year or $125 in any subsequent year |
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The debit part of a joint debit and credit facility |
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Insurance premiums paid by instalments in certain circumstances |
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Consumer leases for a fixed period of four months or less or which are for an indefinite period |
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Consumer leases of goods as part of an employee’s employment package or benefits |
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Credit for investments |
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Credit for business purposes |
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Pawnbrokers and trustees of estates except in the case of unjust transactions |
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Employee loans (but you should check this as some of the provisions do apply) |
