Victorian Consolidated Legislation

Credit Act 1984 - SECT 87

Effect of civil penalty in relation to future liability

87. Effect of civil penalty in relation to future liability

Where under this Act the liability of a debtor to a credit provider is
reduced-

   (a)  the amount of the reduction shall be set off against amounts that, but
        for the reduction, would become payable by the debtor to the credit
        provider; and

   (b)  where the amount of the reduction exceeds the amount that the debtor,
        but for the reduction, would have become liable to pay to the credit
        provider the amount of the excess is a debt payable by the credit
        provider to the debtor.