Document ID: chunk:federal_register_of_legislation:F2024L01251:clause:2_5:p3
Version: federal_register_of_legislation:F2024L01251
Segment Type: clause
Provision Reference: sch 2 cl 5 (pt 3/5)
Character Range: 8451–11405

supply of services where credit is provided – no fixed limit;
             2.                 in the case of revolving credit with a credit limit – the credit limit that applies at the time the consumer credit liability information is disclosed to a credit reporting body;
             3.                 in the case of credit where the principal amount is not repayable until a fixed date and, until that time, payments of interest only are required to be made – the principal amount of the credit;
             4.                 in the case of credit where payments of the principal amount must be made throughout the term of the credit – the amortised maximum principal amount of the credit, calculated on the basis that the individual makes the minimum only principal repayments throughout the term of the credit;
             5.                 for consumer credit liability information disclosed on or after the date 6 months after commencement and in the case of a reverse mortgage, the principal amount of credit, whether fully drawn down or not, even where this may differ from the amount owing under the credit
             6.                  for consumer credit liability information disclosed up to and including 30 June 2019:
                 1.                  in the case of credit provided for the purposes of the acquisition of particular goods or services, the applicable credit limit;
                 2.                in the case of credit provided by a supplier of goods or services where the contract specifies the amount of the credit or the credit limit – that amount; and
month means a period:
             1.                 starting at the start of any day (the start day) of one of the calendar months; and
             2.                 ending on any of the following days, as determined by the credit provider:
                 1.                  immediately before the start of the corresponding day of the next calendar month; or
                 2.                where the day before the corresponding day of the next calendar month is a non-business day, the end of the next business day following that day; or
                 3.              if there is no such day – at the end of the next calendar month; or
                 4.              the end of a day that is between 27 and 30 days after the start day; or
                 5.                 where the day before the start day is a non-business day, the end of a day that is 25 or 26 days after the start day.
non-participating credit provider has the meaning given in the Act, but does not include a credit provider that:
          (a)   has represented to an individual who they have provided with credit that they may disclose credit reporting information or credit eligibility information about the individual to a credit reporting body (unless the provider has subsequently advised the individual in writing that they will not make the disclosures