Queensland Consolidated Regulations Queensland Consolidated RegulationsThe Code (except part 4, division 3 and part 5) does not apply to the provision of credit under a contract (other than a continuing credit contract) if--
(a) the amount of credit does not at any time exceed $50; and
(b) there is no insurance financed under the contract; and
(c) there is no mortgage or guarantee taken by the credit provider; and
(d) the annual percentage rate for the contract does not exceed the maximum annual percentage rate (if any) for the contract if it were a contract to which the Code applies.
Note--
Section 7(10) of the Code provides that the regulations may exclude the provision of credit of any class from the Code.