Queensland Consolidated Regulations Queensland Consolidated Regulations(1) The Code, other than sections 56(1) and 70 to 74, does not apply to the provision of credit by a higher educational institution, or by an association of students of the institution, to a student of the institution on the grounds of hardship or of an emergency.
(2) However, subsection (1) only applies if the institution or association gives the debtor and any guarantor the following things before the contract for the provision of credit is entered into by the debtor or the guarantee is signed by the guarantor--
(a) a statement of the costs of the provision of credit, which must including any fees or charges payable and the interest rate applicable and may include other information; and
(b) a copy of the terms and conditions of the contract for the provision of credit.
(3) In this section--
association of students, of a higher educational institution, means a union, guild or other association of students--
(a) of the institution; or
(b) of the institution and of other higher educational institutions.
higher educational institution means an institution within the meaning of the Higher Education Funding Act 1988 (Cwlth), section 4.