Northern Territory Consolidated Acts

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CONSUMER CREDIT (NORTHERN TERRITORY) ACT 1995 - SECT 5

Application of uniform regulations under the Consumer Credit Code

5. Application of uniform regulations under the Consumer Credit Code

(1) The regulations in force for the time being under Part 4 of the Consumer Credit (Queensland) Act -

(a) apply as regulations in force for the purpose of the Consumer Credit (Northern Territory) Code; and

(b) as so applying may be referred to as the Consumer Credit (Northern Territory) Regulations.

(2) Schedule 2 to the Consumer Credit (Northern Territory) Code applies in relation to any such regulation.

(3) To the extent to which a provision of any such regulation of a savings or transitional nature takes effect from a day earlier than the day of the regulation's notification in the Government Gazette of Queensland, the provision does not operate in the Territory to the disadvantage of a person (other than the Territory or a Territory authority) by -

(a) decreasing the person's rights; or

(b) imposing liabilities on the person.



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