Queensland Consolidated Regulations Queensland Consolidated Regulations(1) A credit provider must, at the written request of a debtor or guarantor, provide a written statement of the amount required to pay out a credit contract (other than a continuing credit contract) as at such date as the debtor or guarantor specifies. If so requested, the credit provider must also provide details of the items which make up that amount.
(2) The statement must also contain a statement to the effect that the amount required to pay out the credit contract may change according to the date on which it is paid.
(3) A credit provider must give a statement, complying with this section, within 7 days after the request is given to the credit provider.
(4) In the case of joint debtors or guarantors, the statement under this section need only be given to a debtor or guarantor who requests the statement and not, despite section 171, to each joint debtor or guarantor.
Maximum penalty--50 penalty units.