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CREDIT ACT 1984

Table of Provisions

PART I--PRELIMINARY

PART II--CONTRACTS OF SALE

PART III--REGULATED CONTRACTS

Division 1--Credit sale contracts and loan contracts

Division 2--Continuing credit contracts

Division 3--Operation of regulated contracts

Division 4--General

PART IV--REGULATED MORTGAGES

Division 1--General

  • 89 Application of Part  
  • 90 Obligations under mortgage not to exceed obligations under contract  
  • 91 Mortgage of goods to be in writing  
  • 92 Debtor entitled to copy of mortgage  
  • 93 Enforcement expense  
  • 94 Provision for entry of premises void in certain circumstances  
  • 95 Order of court required before entry for repossession  
  • 96 Disclosure of location of goods  
  • 97 Time and place for delivery of goods  
  • 98 Blanket securities over property or assets prohibited  
  • 99 Restriction on mortgage of future property  
  • 100 Mortgages and continuing credit contracts  
  • 101 Fraudulent sale or disposal of property  

Division 2--Assignment etc. of property

PART V--TERMINATION AND ENFORCEMENT OF REGULATED CONTRACTS AND REGULATED MORTGAGES

  • 103 Calculation of net balance due  
  • 104 Statement of net balance due  
  • 105 Early termination of contract  
  • 106 Mortgagor may compel sale of goods  
  • 107 Notice required before rights exercised  
  • 108 Proceedings prohibited where breach remedied  
  • 109 Limit on amount recoverable  
  • 110 Restriction on exercise of powers  
  • 111 Court may order delivery of goods  
  • 112 Taking possession of goods by mortgagee  
  • 113 Right of mortgagor to redeem goods  
  • 114 Mortgagee to account for proceeds of sale  
  • 115 Moratorium, farmers etc.  
  • 116 Postponement of exercise of rights  

PART VI--REGULATED CONTRACTS AND REGULATED MORTGAGES--GENERAL

  • 117 Penalty for false representations etc.  
  • 118 Court may approve removal of mortgaged goods  
  • 119 Prohibition of assignment of wages etc.  
  • 120 Bills of exchange as security  
  • 121 Advertisements offering credit  
  • 122 Credit hawking  
  • 123 Terminology in contracts etc.  
  • 124 Contracting by agents  
  • 125 Contract or mortgage not illegal etc. by reason of offence  
  • 126 Notices to be given to all parties  

PART VII--CONTRACTS OF INSURANCE

  • 127 Insurance-regulated contracts  
  • 128 Insurance-regulated mortgages  
  • 129 Unauthorized insurance need not be maintained  
  • 130 Contents of contracts of insurance  
  • 131 Premiums to be paid to insurer  
  • 132 Action after rejection of insurance proposal  
  • 133 No-claim bonus  
  • 134 Saving as to unenforceability  
  • 135 Limitation on exclusion clauses  

PART VIII--CONTRACTS OF GUARANTEE

PART IX--RE-OPENING OF CONTRACTS

  • 145 Interpretation  
  • 146 Tribunal may re-open certain transactions  
  • 147 Matters to be considered by Tribunal  
  • 149 Limitation on re-opening of transaction  

PART X--GENERAL

  • 150 Assignment of interests under wills etc.  
  • 150A Contract unenforceable if rate exceeds 48 per cent  
  • 150B Mortgage void if rate under regulated contract exceeds 30 per cent  
  • 151 Legibility of documents  
  • 152 Restriction on form of document  
  • 153 Approval of form of document  
  • 154 Offence  
  • 155 Separation of documents  
  • 156 Signature of documents  
  • 157 Contracting out of Act prohibited  
  • 158 General penalty  
  • 159 Limitation  
  • 160 Offence by corporation  
  • 161 Certain rights etc. saved  
  • 162 Computation of periods  
  • 163 Extension of time  
  • 164 Service of documents  
  • 165 Service by post  
  • 167 Regulations  

PART XA--TRANSITIONAL

PART XI--REPEALS AND AMENDMENTS

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