Credit Amendment Regulation (No. 1) 1995 (Qld)

Queensland Subordinate Legislation 1995 No. 48 Credit Act 1987 CREDIT AMENDMENT REGULATION (No. 1) 1995 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Amendment of s 7 (Statutory rebate in relation to prescribed insurance charges) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Replacement of s 28 (Prescribed insurance risks) . . . . . . . . . . . . . . . . . . . . 2 28 Prescribed insurance risks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 5 Amendment of Sch 7 (Print or type for use in documents under Credit Act 1987) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

s1 2 s4 Credit Amendment (No. 1) No. 48, 1995 ˙ Short title 1. This regulation may be cited as the Credit Amendment Regulation (No. 1) 1995 . ˙ Regulation amended 2. This regulation amends the Credit Regulation 1988 . ˙ Amendment of s 7 (Statutory rebate in relation to prescribed insurance charges) 3.(1) Section 7(a)(i), ‘and (vii)’— omit, insert— ‘, (vii) and (viii)’. (2) Section 7(a)(ii), ‘and (vi)’— omit, insert— ‘, (vi) and (vii)’. ˙ Replacement of s 28 (Prescribed insurance risks) 4. Section 28— omit, insert— ˙ ‘ Prescribed insurance risks ‘ 28. For the purposes of Schedule 2, clause 1(e)(viii) and Schedule 4, clause 1(b)(vii) of the Act, the following are prescribed risks— (a) mechanical breakdown or failure of goods the subject of a regulated contract or regulated mortgage; (b) the difference between a payment made by an insurer under a mortgaged property insurance policy for goods the subject of a credit contract and the amount owing under the credit contract.’.

s5 3 s5 Credit Amendment (No. 1) No. 48, 1995 ˙ Amendment of Sch 7 (Print or type for use in documents under Credit Act 1987) 5. Schedule 7, ‘Universe’— omit, insert— ‘Univers’. ENDNOTES 1. Made by the Governor in Council on 2 March 1995. 2. Notified in the Gazette on 3 March 1995. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Office of Consumer Affairs. © State of Queensland 1995