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Legislative Assembly for the ACT: 2002 Week 10 Hansard (29 August) . . Page.. 3103 ..

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8

Clause 6

Proposed new section 28A (3), definition of credit contract

Page 3, line 9-

omit the definition, substitute

continuing credit contract -see the Consumer Credit (Australian Capital Territory) Code, schedule 1, section 1 (1), definition of continuing credit contract .

Note 1

The Code, sch 1, s 1 (1) defines a continuing credit contract as a credit contract under which-

(a) multiple advances of credit are contemplated; and

(b) the amount of available credit ordinarily increases as the amount of credit is reduced.

Note 2

The Consumer Credit (Australian Capital Territory) Code is defined in the Legislation Act 2001, dict, pt 1. For the latest republication of the code, see www.legislation.act.government.au.

9

Clause 6

Proposed new section 28A (3), definition of satisfactory assessment process

Page 3, line 17-

omit the definition

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