Document ID: chunk:federal_register_of_legislation:C2012A00130:clause:3_1
Version: federal_register_of_legislation:C2012A00130
Segment Type: clause
Provision Reference: sch 3 cl 1
Character Range: 70025–70509

1  Subsection 5(1)
Insert:
short‑term credit contract: a credit contract is a short‑term 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 $2,000 (or such other amount as is prescribed by the regulations) or less; and
 (d) the term of the contract is 15 days or less; and
 (e) the contract meets any other requirements prescribed by the regulations.