Queensland Consolidated Acts Queensland Consolidated Acts(1) Subject to subsection (2), this Act does not apply to a credit contract made on or after the commencement of this section.
(2) This Act applies to--
(a) a credit contract, other than a continuing credit contract, and to a mortgage or guarantee relating to such a credit contract--
(i) made on or after the commencement of this section if the offer to enter into it was made before the commencement; and
(ii) to which this Act would have applied if the credit contract had been made before the commencement; and
(b) a credit contract, other than a continuing credit contract, and to a mortgage or guarantee relating to such a credit contract made on or after the commencement but within 1 month after the commencement if--
(i) the credit contract does not comply with the Consumer Credit (Queensland) Code; and
(ii) had the credit contract been made before the commencement, this Act would have applied to it and it would have complied with this Act.