Queensland Consolidated Regulations Queensland Consolidated Regulations(1) The amount of credit required under section 15(B) of the Code to be included in the contract document does not include--
(a) any interest charge under the contract; or
(b) any fee or charge that--
(i) is to be or may be debited to the debtor's account after credit is first provided under the contract; and
(ii) is not payable in connection with the making of the contract or the making of a mortgage or guarantee related to the contract.
(2) The requirement under section 15(F)(a)(ii) of the Code that a contract document contain the total amount of the repayments applies to a credit contract only if the contract would, on the assumptions in sections 158 and 160 of the Code, be paid out within 7 years of the date on which credit is first provided under the contract.
(3) The prescribed information to be contained in the pre-contractual statement relating to section 15(B) and (F)(a)(ii) of the Code is the information under those requirements as changed by this section.
(4) This section applies to credit contracts entered into not later than 2 years after the commencement of the Code.