Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:62
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 62
Character Range: 303132–304411

62  Charge card contracts—exemption of certain contracts from Code
 (1) The Code does not apply to the provision of credit under a charge card contract made available by any of the following credit providers:
 (a) American Express Australia Limited ACN 108 952 085;
 (b) American Express International Inc. ARBN 000 618 208;
 (c) Diners Club Pty Limited ACN 004 343 051;
 (d) Motorcharge Limited ACN 008 962 132.
           Examples:
           1 American Express Platinum Card.
           2 Diners Club Personal Card.
           3 Motorcharge Card.
 (2) In subsection (1):
charge card contract means a credit contract under which:
 (a) credit is ordinarily obtained by the use of a card; and
 (b) multiple advances of credit are contemplated; and
 (c) the provision of an advance of credit is limited to a total period of not more than 62 days; and
 (d) monthly or other periodic statements of account are provided to the debtor; and
 (e) liquidated damages or charges for late payment are payable by the debtor if the debtor does not repay an advance of credit mentioned in a monthly or other periodic statement of account within a stated period.
Note: Subsection 6(13) of the Code provides that the regulations may exclude the provision of credit of any class from the Code.