Consumer Credit (Charge Card) Amendment Regulation (No. 1) 2005 (Qld)

Queensland Consumer Credit (Charge Card) Amendment Regulation (No. 1) 2005 Subordinate Legislation 2005 No. 258 made under the Consumer Credit (Queensland) Act 1994 Contents Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Insertion of new s 6J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 6J Charge card contracts—exemption of certain contracts from Code . . . . . . . . . . . . . . . . . . . . . . . . . . 2

s1 2 s3 Consumer Credit (Charge Card) Amendment Regulation (No. 1) 2005 No. 258, 2005 1 Short title This regulation may be cited as the Consumer Credit (Charge Card) Amendment Regulation (No. 1) 2005 . 2 Regulation amended This regulation amends the ConsumerCreditRegulation1995. 3 Insertion of new s 6J After section 6I— insert— ‘6J Charge card contracts—exemption of certain contracts from Code ‘(1) The Code does not apply to the provision of credit under a charge card contract made available by 1 of the following credit providers— • American Express Australia Limited ACN 108 952 085 • American Express International Inc. ARBN 000 618 208 • Diners Club Pty Limited ACN 004 343 051 • Motorcharge Ltd ACN 008 962 132. Examples — • american express platinum card • diners club personal card • motorcharge card ‘(2) In subsection (1)— charge card contract means a credit contract under which— (a) credit is ordinarily obtained by the use of a card; and (b) multiple advances of credit are contemplated; and (c) the provision of an advance of credit is limited to a total period of not more than 62 days; and

s3 3 s3 Consumer Credit (Charge Card) Amendment Regulation (No. 1) 2005 No. 258, 2005 (d) monthly or other periodic statements of account are provided to the debtor; and (e) liquidated damages or charges for late payment are payable by the debtor if the debtor does not repay an advance of credit mentioned in a monthly or other periodic statement of account within a stated period.’. ENDNOTES 1 Made by the Governor in Council on 20 October 2005. 2 Notified in the gazette on 21 October 2005. 3 Laid before the Legislative Assembly on . . . 4 The administering agency is the Office of Fair Trading. © State of Queensland 2005