Queensland Consolidated Acts

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CONSUMER CREDIT (QUEENSLAND) ACT 1994 - SECT 25

25 Effect of prohibition order on pre-existing credit contracts

A prohibition order made against a person does not operate in relation to a credit contract entered into before the order is made, so as to prevent the person--

(a) receiving an amount under the contract; or
(b) enforcing the contract; or
(c) unless it is a continuing credit contract, providing consumer credit under the terms of the contract existing at the time the order is made; or
(d) providing consumer credit under the contract as varied or deferred after the order is made, but only if the variation or deferral is made at the debtor's request to enable the debtor to comply with the contract.


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