Victorian Consolidated Legislation

Credit Act 1984 - SECT 50

Billing cycle

50. Billing cycle



(1) For the purposes of this Act, a reference to a billing cycle in relation
to a continuing credit contract is a reference to the period applied from time
to time in accordance with the contract as the billing cycle in relation to
the contract.

(2) A credit provider under a continuing credit contract shall not apply as a
billing cycle for the purposes of section 61 or Schedule 7 a period exceeding
40 days.