Commonwealth Consolidated Acts

TRADE PRACTICES ACT 1974 - SECT 73B

                   For the purposes of section 73, loan contract means a contract under which a person in the course of a business carried on by that person provides or agrees to provide, whether on one or more occasions, credit to a consumer in one or more of the following ways:

                     (a)  by paying an amount to or in accordance with the instructions of the consumer;

                     (b)  by applying an amount in satisfaction or reduction of an amount owed to the person by the consumer;

                     (c)  by varying the terms of a contract under which money owed to the person by the consumer is payable;

                     (d)  by deferring an obligation of the consumer to pay an amount to the person;

                     (e)  by taking from the consumer a bill of exchange or other negotiable instrument on which the consumer (whether alone or with another person or other persons) is liable as drawer, acceptor or endorser.