Queensland Consolidated Acts

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CREDIT ACT 1987 - SECT 83

83 Loans to be in money or equivalent

Subject to this Act, a credit provider shall not under a regulated loan contract make a payment of an amount to or in accordance with the instructions of the debtor unless the payment--

(a) is in cash or money's worth; and
(b) is made in full without deduction of an amount included in the credit charge in respect of the contract.


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