Victorian Consolidated Legislation

Credit Act 1984 - SECT 8

Assignors, assignees etc. of rights and obligations

8. Assignors, assignees etc. of rights and obligations



(1) This Act applies to a person to whom the rights and obligations of-

   (a)  a credit provider under a credit contract;

   (b)  a debtor under a credit contract;

   (c)  a guarantor under a contract of guarantee;

   (d)  a credit provider under a contract of guarantee;

   (e)  a mortgagee under a mortgage; or

   (f)  a mortgagor under a mortgage-

have been assigned or transferred or have passed by operation of law in the
same manner as this Act applies to the person by whom the rights and
obligations were assigned or transferred or from whom the rights and
obligations have passed by operation of law.

(2) Nothing in subsection (1) operates to confer any rights under this Act on
an assignee of a credit provider or mortgagee where the assignment is in
contravention of this Act.

(3) Subsection (1) does not apply where the rights and obligations referred to
in paragraph (b), (c) or (f) of subsection (1) are assigned or transferred, or
pass by operation of law, to a body corporate.