Victorian Consolidated Legislation

Consumer Credit (Victoria) Act 1995 - SECT 43

Credit Regulations 1995

43. Credit Regulations 1995



(1) The Credit Regulations 1995 made under the Credit Act 1984 are deemed to
have come into operation immediately after the revocation of the Credit
Regulations 1984.

(2) A contract entered into or anything done or omitted to be done after the
revocation of the Credit Regulations 1984 that, if it had been entered into or
done or omitted to be done before that revocation, would have been in
accordance with those Regulations as in force immediately before their
revocation is deemed to have been entered into or done or omitted to be done
in accordance with the Credit Regulations 1995.

(3) If the Credit Regulations 1995 are amended, subsection (2) does not apply
to anything done or omitted to be done that is inconsistent with those
Regulations as amended and in force for the time being.