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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) |
Disclaimer: The information provided in this web site is of a general nature only and does not replace the Code itself. You should obtain your own copy of the Code and seek independent legal advice if you believe you are affected by the Code.
The Government Consumer Agencies assume no responsibility or liability in relation to anyone acting in reliance on the information provided on or linked to this site.