Document ID: chunk:federal_register_of_legislation:C2012A00130:clause:4_22a
Version: federal_register_of_legislation:C2012A00130
Segment Type: clause
Provision Reference: sch 4 cl 22A
Character Range: 100402–101119

22A  Subsection 204(1) of the National Credit Code
Insert:
medium amount credit contract: a credit contract is a medium amount credit contract if:
 (a) the contract is not a continuing credit contract; and
 (b) the credit provider under the contract is not an ADI; and
 (c) the credit limit of the contract is:
 (i) at least $2,001 (or such other amount as is prescribed by the regulations); but
 (ii) not more than $5,000 (or such other amount as is prescribed by the regulations); and
 (d) the term of the contract is at least 16 days but not longer than 2 years (or such other number of years as is prescribed by the regulations); and
 (e) the contract meets any other requirements prescribed by the regulations.