Document ID: chunk:federal_register_of_legislation:F2019L01183:body:0:p2
Version: federal_register_of_legislation:F2019L01183
Segment Type: other
Provision Reference: 
Character Range: 2634–3351

under a collateral contract except in accordance with the condition in subsection (5).
Condition
(5) The total of:
            (a) the amount of credit fees and charges that may be imposed or provided for under the short term credit facility; and
            (b) the amount of collateral fees and charges that may be imposed or provided for under a collateral contract;
must not exceed the maximum amount of credit fees and charges permitted under subsection 6(1) of the National Credit Code in relation to the provision of credit under the short term credit facility.

6 Application
    This instrument applies in relation to a short term credit facility entered into on or after the commencement of this instrument.