Queensland Consolidated Regulations Queensland Consolidated Regulations(1) Section 27 of the Code does not apply to the debit of an interest charge under a credit contract before the end of the period to which the charge applies if--
(a) the charge is debited on the last day of the period; and
(b) the amount debited is not treated by the credit provider as part of the unpaid daily balance for that day for the purpose of calculating interest charges under the contract.
(2) This section applies to debits made not later than 2 years after the commencement of the Code.