Money Lenders Acts Amendment Act 1968 (Qld)

562 Q1TCZIIS11111 ANNO SEPTIMO DECIMO ELIZABETHAE SECUNDAE REGINAE No. 57 of 1968 An Act to Amend The Money Lenders Acts 1916 to 1962 in a certain particular [AsshNT1:D To 24Ttt Dhc r 1BEx. 1968] BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. (I) Short title . This Act may be cited as the MoneY Lenders Acts Anlendinent Act 1968. (2) Collective title . The ,%'loner Lenders Acts 1916 to 1962 as amended by this Act may be collectively cited as the rhlone' Lenders Act 1916 1968,

Money Lenders Acts Amendment Act 1968, No. 57 563 2. Amendment to s. 14 . Section 14 of The Money Lenders Acts 1916 to 1962 is amended by, in subsection (1), omitting the first proviso and inserting in its stead the following proviso:- " Provided that the lender may charge and recover from the borrower costs, fees, and charges- (a) paid or payable by the lender in respect of the preparation by a solicitor or conveyancer of documents evidencing the contract of loan in qucstion or of any suretyship in relation thereto, (b) assessed and paid or assessed and payable (whichever is the less) by the lender in respect of stamp duties or registration fees payable under any Act in respect of the loan in question or in respect of documents relating (wholly or in part) thereto and, in the latter case, attributable to the loan in question, (c) paid by the lender in respect of a valuation obtained in connexion with the loan in question, (d) in a reasonable amount paid by the lender for a reasonable purpose (including that of collection fees) in connexion with the loan in question: ". 3. Retrospective operation of Act. This Act shall be deemed to have come into operation on and from the first day of August, one thousand nine hundred and sixty-eight.