New South Wales Consolidated Acts

CREDIT ACT 1984 - SECT 18

18 Exceptions from application of Act

(1) The provisions of Parts 3, 4, 5, 6, 7 and 8 do not apply to or with respect to a regulated contract where the credit provider is a society registered under the Co-operation Act 1923 or a society within the meaning of the Financial Institutions (NSW) Code .

(2) The provisions of Parts 3, 4, 5, 6, 7 and 8 do not apply to or with respect to the provision of credit by a bank or a pastoral finance company where the credit is provided by way of overdraft or otherwise than by way of a credit sale contract, continuing credit contract or term loan.

(3) The provisions of Parts 3, 4, 5, 6, 7 and 8 do not apply to or with respect to a regulated contract where the credit provider is a credit union within the meaning of the law of another State or of a Territory that corresponds to the Financial Institutions (NSW) Code .