Queensland Consolidated Acts Queensland Consolidated Acts(1) The chief executive may prepare a deed (a conduct deed), for execution by a credit provider, under which the credit provider agrees to--
(a) stop engaging in stated conduct; or
(b) conduct its credit business in a stated way; or
(c) rectify the consequences of its past conduct in a stated way and within a stated time.
(2) A conduct deed may also contain other terms the chief executive considers appropriate.
(3) A conduct deed must state that it is made under this section.
(4) If a credit provider executes a conduct deed, the credit provider must comply with it.
Maximum penalty--500 penalty units.
(5) The chief executive may not apply for an order under section 21 of this Act in relation to particular conduct by a credit provider if--
(a) the credit provider has executed a conduct deed; and
(b) the conduct happened before the deed's execution; and
(c) the conduct is addressed by the deed; and
(d) the credit provider has complied with the deed.