CREDIT ACT 1984 - SECT 31 Contracts to be in writing
This legislation has been repealed.
CREDIT ACT 1984 - SECT 31
Contracts to be in writing31 Contracts to be in writing
(1) Subject to subsection (2), a credit provider shall not enter into a credit sale contract or a loan contract that is not in writing signed by the debtor.Penalty: 10 penalty units.
(2) Subsection (1) is not contravened if a credit sale contract or a loan contract is made by the acceptance of an offer in writing signed by the debtor to the credit provider to enter into the contract.