Queensland Consolidated Regulations

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CONSUMER CREDIT REGULATION 1995 - SECT 40

40 Address for notices

(1) For the purposes of section 171(4) or (6) of the Code, a nomination is to be in the following form--

(a) the nomination is to contain the words 'I/We nominate............[full name of person nominated] to receive notices and other documents under the Consumer Credit Code on behalf of me/all of us';
(b) the nomination is to contain a prominent statement that each debtor/mortgagor/guarantor is entitled to receive a copy of any notice or other document under the Code and that by signing the form they are giving up the right to be provided with information direct from the credit provider;
(c) the nomination is to contain a prominent statement that any person who has signed the form can advise the credit provider at any time in writing that they wish to cancel their nomination.

(2) For the purposes of section 171(5) of the Code, a consent is to be in the following form--

(a) the consent is to contain the words 'We consent to notices and other documents under the Consumer Credit Code to us being sent jointly to us at............[address for service]';
(b) the consent is to contain a prominent statement that each debtor/mortgagor/guarantor is entitled to receive a copy of any notice or other document under the Code and that by signing the form they are giving up the right to be provided with information separately from the credit provider;
(c) the consent is to contain a prominent statement that any person who has signed the form can advise the credit provider at any time in writing that they wish to cancel their consent.
Note--
The provisions of this part are authorised by the Consumer Credit (Queensland) Act 1994, section 11. Other savings and transitional provisions applicable in particular jurisdictions are contained in the legislation of participating States and Territories that adopt the Code.


[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]