Australian Capital Territory Consolidated Acts

CREDIT ACT 1985 - SECT 19C

    (1)     Except as otherwise provided by this section, this Act continues to apply—

        (a)     to a continuing credit contract entered into before the commencement of the provisions referred to in the Consumer Credit Act 1995 , section 2 (2), but only in relation to anything done or omitted to be done before that commencement; and

        (b)     to a credit contract of any other kind entered into before that commencement in relation to anything done or omitted to be done, whether before or after that commencement; and

        (c)     to a mortgage or guarantee relating to a continuing contract referred to in paragraph (a), but only in relation to anything done or omitted to be done before that commencement; and

        (d)     to a mortgage or guarantee relating to a credit contract referred to in paragraph (b) in relation to anything done or omitted to be done, whether before or after that commencement.

    (2)     If the credit provider under a contract to which this Act continues to apply acts in accordance with a provision of section 34, 35, 66 to 69, 78 to 99, 163, 171, 172 or 173 of the Consumer Credit (Australian Capital Territory) Code, the credit provider is taken to have acted in accordance with the corresponding provision of this Act.

    (3)     Notwithstanding subsection (2), section 112 (1) (b) continues to apply in relation to goods subject to a regulated mortgage.