Queensland Consolidated Regulations Queensland Consolidated Regulations(1) A credit provider is only required under section 59(2) of the Code to give the debtor particulars of the new rate or rates or, if a rate is determined by referring to a reference rate, the new reference rate.
(2) Subsection (1) applies only if the credit provider--
(a) makes it clear to the debtor that the rate has changed; or
(b) issues to the debtor a new set of terms and conditions relating to the credit contract.
(3) This section applies to a change that occurs not later than 2 years after the commencement of the Code.