Australian Capital Territory Consolidated Acts

CREDIT ACT 1985 - SECT 58

A credit provider that, before the debtor first incurs a debt under a continuing credit contract, fails to give to the debtor a statement in the form approved under section 256 (Approved forms) for this section commits an offence.

Maximum penalty:

        (a)     for an individual—$2 000; and

        (b)     for a corporation—$10 000.