Credit (Home Finance Contracts) Act 1984 Credit (Home Finance Contracts) Amendment (Savings and Transitional) Regulation 1997 (1997-335) [GG No 83 of 25.7.1997, p 5686] (NSW)

1997 No 335

New South Wales

Credit (Home Finance Contracts)
Amendment (Savings and
Transitional) Regulation 1997
under the
Credit (Home Finance Contracts) Act 1984
His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Credit (Home Finance Contracts) Act 1984.
FAYE LO PO´, M.P.,
Minister for Fair Trading
Explanatory note
The objects of this Regulation are:

(a)

to restrict the application of the Credit (Home Finance Contracts) Regulation 1984 to home finance contracts (and any associated mortgages and guarantees) entered into before, or on the basis of offers made before, 1 November 1996 (the date on which the Consumer Credit (New South Wales) Code came into operation), and

(b)

to rename the Credit (Home Finance Contracts) Regulation 1984 as the Credit (Home Finance Contracts) (Savings and Transitional) Regulation 1984 to reflect the effect of the restriction referred to in paragraph (a).
This Regulation is made under the Credit (Home Finance Contracts) Act
1984, including section 23 (the general regulation making power).

Published in Gazette No 83 of 25 July 1997, page 5686 Page 1

1997 No 335

Clause 1

Credit (Home Finance Contracts) Amendment (Savings and Transitional) Regulation 1997

Credit (Home Finance Contracts) Amendment

(Savings and Transitional) Regulation 1997

1 Name of Regulation

This Regulation is the Credit (Home Finance Contracts)
Amendment (Savings and Transitional) Regulation 1997.

Commencement
This Regulation commences on 1 August 1997.

3 Amendments

The Credit (Home Finance Contracts) Regulation 1984 is amended as set out in Schedule 1.

4 Notes

The explanatory note does not form part of this Regulation.

Schedule 1 Amendments

(Clause 3)

[1] Clause 1 Name of Regulation

Insert "(Savings and Transitional)" after "Credit (Home Finance
Contracts)”.

Clause 2A
Insert after clause 2:
2A Application of Regulation
This Regulation applies only to home finance contracts and other matters to which the Act applies, as referred to in section 2A of the Act.

Actions

Download as PDF Download as Word Document

Citations

Credit (Home Finance Contracts) Act 1984 - Credit (Home Finance Contracts) Amendment (Savings and Transitional) Regulation 1997 (1997-335) [GG No 83 of 25.7.1997, p 5686] (NSW)

Cases Citing This Decision

0

Cases Cited

0

Statutory Material Cited

0

(a)	to restrict the application of the Credit (Home Finance Contracts) Regulation 1984 to home finance contracts (and any associated mortgages and guarantees) entered into before, or on the basis of offers made before, 1 November 1996 (the date on which the Consumer Credit (New South Wales) Code came into operation), and
(b)	to rename the Credit (Home Finance Contracts) Regulation 1984 as the Credit (Home Finance Contracts) (Savings and Transitional) Regulation 1984 to reflect the effect of the restriction referred to in paragraph (a).