New South Wales Consolidated Acts

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CREDIT ACT 1984 - SECT 7

Credit contracts deemed to be regulated contracts

7 Credit contracts deemed to be regulated contracts

Where it is alleged in any proceeding under this Act or in any other proceeding in respect of a matter arising under this Act that:

(a) a credit sale contract or a loan contract is a credit sale contract or loan contract to which Part 3 applies, or
(b) a continuing credit contract is a continuing credit contract to which Part 3 applies,
it shall be presumed, unless the contrary is established, that Part 3 applies to the credit sale contract or loan contract or that Part 3 applies to the continuing credit contract.



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