Queensland Consolidated Regulations

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CONSUMER CREDIT REGULATION 1995 - SECT 11

11 Statement about debtor's statutory rights and obligations

(1) For the purposes of section 14(1)(b) of the Code, the information statement is to be a written statement in form 2.

(2) The information statement may be in the form of a separate document or a part of the credit contract document.

Note--
Section 14(1)(b) of the Code requires a credit provider to give a prospective debtor an information statement in the form required by the regulations of the debtor's statutory rights and statutory obligations. The statement must be given before the contract is entered into or before the debtor makes an offer to enter into the contract, whichever first occurs. Because of section 4(4) of this regulation, the information need not contain any matter set out in form 2 if it is not relevant to the credit contract concerned (for example, information about mortgages is not required for an unsecured loan).


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