Document ID: chunk:federal_register_of_legislation:C2024A00138:clause:2_32
Version: federal_register_of_legislation:C2024A00138
Segment Type: clause
Provision Reference: sch 2 cl 32
Character Range: 75654–76147

32  After subsection 17(7) of the National Credit Code
Insert:
 (7A) If the credit contract is a low cost credit contract, and more than one repayment is to be made, then the contract document must contain:
 (a) the frequency of payment of repayments; and
 (b) if ascertainable, the amount of the repayments, the number of repayments and the total amount of the repayments; and
 (c) if the amount of the repayments is not ascertainable—the method of calculating the amount of the repayments.