Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:108
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 108
Character Range: 389225–390591

108  Additional assumptions relating to disclosures
 (1) Disclosures for the purposes of the Code relating to interest charges, repayments, and fees and charges may, if any repayment is to be made, or interest charge, or fee or charge, is to be paid or debited, on a particular day, be made on the assumption that:
 (a) the repayment will be made, or the interest charge, or fee or charge, paid or debited, on that day even though it is not a business day; and
 (b) the contract provides that the repayment is to be made, or the interest charge, or fee or charge, paid or debited, on the next preceding or succeeding business day.
 (2) Disclosures for the purposes of the Code relating to repayments and interest charges may also be made on the assumption that the amount of credit will be provided:
 (a) on the date nominated for that purpose in the pre‑contractual statement given under section 16 of the Code; or
 (b) if no date is nominated—on the relevant date of disclosure set out in the financial statement as mentioned in subregulation 72(10); or
 (c) if no date is so set out—the date on which the statement is given to the debtor.
 (3) Subregulation (2) does not apply to:
 (a) a continuing credit contract; or
 (b) a credit contract under which credit is provided progressively and the dates on which the credit is to be provided are not ascertainable.