Queensland Consolidated Regulations Queensland Consolidated Regulations(1) A debtor, mortgagor or guarantor who has been given a default notice under Division 2 or a demand for payment under section 82 may, at any time before the end of the period specified in the notice or demand, negotiate with the credit provider a postponement of the enforcement proceedings or any action taken under such proceedings or of the operation of any applicable acceleration clause.
(2) This Division does not apply to a credit contract in respect of which the maximum amount of credit that is or may be provided is more than $125000 (or such other amount as may be prescribed by the regulations).