Queensland Consolidated Regulations

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CONSUMER CREDIT REGULATION 1995 - SECT 6J

6J Charge card contracts--exemption of certain contracts from Code

(1) The Code does not apply to the provision of credit under a charge card contract made available by 1 of the following credit providers--

Examples--
american express platinum card
diners club personal card
motorcharge card

(2) In subsection (1)--

charge card contract means a credit contract under which--

(a) credit is ordinarily obtained by the use of a card; and
(b) multiple advances of credit are contemplated; and
(c) the provision of an advance of credit is limited to a total period of not more than 62 days; and
(d) monthly or other periodic statements of account are provided to the debtor; and
(e) liquidated damages or charges for late payment are payable by the debtor if the debtor does not repay an advance of credit mentioned in a monthly or other periodic statement of account within a stated period.


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