Queensland Consolidated Regulations Queensland Consolidated RegulationsFor the purposes of section 31(3)(b) of the Code, the amount outstanding is fixed at $10.
Note--
Section 31 of the Code requires the credit provider to give the debtor periodic statements of account. Section 31(3) sets out the circumstances in which a statement is not required to be given. Section 31(3)(b) provides that a statement is not required if no amount has been debited or credited to the debtor's account during the statement period and the amount outstanding on the debtor's account is zero or below a level fixed by the regulations.