Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:72:p1
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 72 (pt 1/2)
Character Range: 320057–322950

72  Pre‑contractual statement
 (1) For subsection 16(4) of the Code, the following financial information (relevant financial information) mentioned in section 17 of the Code, which is to be contained in the precontractual statement, is prescribed:
 (a) for subsection 17(3) (Amount of credit):
 (i) the amount of credit agreed to be provided (if ascertainable); or
 (ii) if the amount is not ascertainable—the maximum amount of credit agreed to be provided, or the credit limit under the contract (if any);
 (b) for subsection 17(4) (Annual percentage rate or rates)—the information mentioned in the subsection, other than the information mentioned in subparagraph 17(4)(c)(iii);
 (c) for subsection 17(5) (Calculation of interest charges)—the maximum duration of any interest free period under the credit contract;
 (d) for subsection 17(6) (Total amount of interest charges payable)—the information mentioned in the subsection;
 (e) for subsection 17(7) (Repayments)—the information mentioned in the subsection;
 (f) for subsection 17(8) (Credit fees and charges)—the information mentioned in paragraphs 17(8)(a) and (b), but only in respect of:
 (i) retained credit fees and charges (being credit fees and charges retained by the credit provider and not passed on to or retained in reimbursement of an amount paid to a third party); and
 (ii) lenders mortgage insurance.
 (2) The relevant financial information is to be set out:
 (a) separately from the remainder of the information under section 17 of the Code that is to be set out in the precontractual statement; and
 (b) in tabular form (the financial table), in either portrait or landscape format.
 (3) Additional information may be included in the financial table, but only in the following circumstances:
 (a) any information mentioned in subsection 17(3), (4), (5) or (8) of the Code that is not relevant financial information may be included with the relevant financial information;
 (b) any other information mentioned in subsection 17(2) or subsections 17(9) to (16) of the Code may be included after the relevant financial information and any information included under paragraph (a).
 (4) If the relevant financial information relates to more than one type of credit facility, the information may be set out in a single financial table or in separate financial tables.
 (5) The financial table is to be set out at the beginning of the precontractual statement, after any formal cover page or pages that have no substantive content.
 (6) However:
 (a) if the precontractual statement is not a separate document, the financial table is to be set out at the beginning of the proposed contract document; and
 (b) the financial table may be preceded by information necessary to identify the loan.
 (7) If the precontractual statement consists of more than one document, the financial table need not be repeated.
 (8) If any of the