Queensland Consolidated Acts

CREDIT ACT 1987 - SECT 31

A supplier who becomes aware that a contract of sale by the supplier is rescinded or discharged, being a contract of sale in respect of which the supplier knows a linked credit provider of the supplier has--

(a) received an offer to enter or entered into a tied loan contract with the buyer; or

(b) entered an amount in the account of the buyer kept by the linked credit provider under a tied continuing credit contract in relation to the contract of sale;

shall immediately give notice of the rescission or discharge to the linked credit provider.