Victorian Consolidated Legislation

Credit (Administration) Act 1984 - SECT 8

Credit sale contracts and loan contracts deemed to be regulated contracts

8. Credit sale contracts and loan contracts deemed to be regulated contracts

Where it is alleged in any proceeding under this Act or in any other
proceeding in respect of a matter arising under this Act that-

   (a)  a credit sale contract or a loan contract is a credit sale contract or
        loan contract to which Part III of the Credit Act 1984 applies; or

   (b)  a continuing credit contract is a continuing credit contract to which
        Part III of that Act applies-

it shall be presumed, unless the contrary is established, that Part III of
that Act applies to the credit sale contract or loan contract or that Part III
of that Act applies to the continuing credit contract.