Queensland Consolidated Regulations

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CONSUMER CREDIT REGULATION 1995 - SECT 55

55 Previous default notice

(1) A default notice referred to in section 80 of the Code includes, in the case of enforcement proceedings for a default under a pre-Code credit contract to which the Code applies, a default notice for that default duly given before the commencement of the Code under the law then in force.

(2) Accordingly--

(a) a further default notice need not be given under the Code in respect of that default; and
(b) the default notice is taken to be a default notice under section 80 of the Code for the purposes of section 85 and the other provisions of the Code.


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