Queensland Consolidated Regulations

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CONSUMER CREDIT REGULATION 1995 - SECT 20

20 Form of guarantees

(1) For the purposes of section 50 of the Code, a guarantee must contain a warning in form 4.

(2) The warning is to comply with the following requirements--

(a) the warning is to be in the form of a box as indicated in form 4;
(b) the warning is to be set out immediately above (and on the same page as) the place where the guarantor (or at least one of the guarantors) is to sign the guarantee document;
(c) if the guarantors are to sign the guarantee document on separate pages--the warning is to be so set out on each such page.
Note--
Section 50 of the Code requires a guarantee to be in writing signed by the guarantor. Section 50(3) provides that the regulations may make provision for or with respect to the content of guarantees and the way they are expressed.


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