Australian Capital Territory Consolidated Acts

CREDIT ACT 1985 - SECT 82

    (1)     Subject to this Act, a credit provider shall not, under a regulated loan contract, make a payment of an amount to, or in accordance with the instructions of, the debtor unless the payment—

        (a)     is in cash or money's worth; and

        (b)     is made in full without deduction of an amount included in the credit charge in relation to the contract.

    (2)     A credit provider that contravenes subsection (1) commits an offence.

Maximum penalty:

        (a)     for an individual—$1 000; and

        (b)     for a corporation—$5 000.