Document ID: chunk:federal_register_of_legislation:C2024C00826:clause:1_184
Version: federal_register_of_legislation:C2024C00826
Segment Type: clause
Provision Reference: sch 1 cl 184
Character Range: 1044046–1045303

184  Legibility and language
 (1) A credit contract, mortgage or guarantee or a notice given by a credit provider under this Code, other than a document transmitted by electronic communication:
 (a) must be easily legible; and
 (b) to the extent that it is printed or typed must conform with the provisions of the regulations as to print or type; and
 (c) must be clearly expressed.
 (2) A credit contract, mortgage or guarantee or a notice given by a credit provider under this Code, if transmitted by electronic communication:
 (a) must be easily legible; and
 (b) must conform with the provisions of the regulations, if any, as to content, legibility and accompanying information; and
 (c) must be clearly expressed.
 (3) If the court is satisfied, on application by ASIC, that a provision of a credit contract, mortgage or guarantee or a notice given by a credit provider under this Code does not comply with the requirements of this section, it may prohibit the credit provider from using a provision in the same or similar terms in future credit contracts, mortgages or guarantees or notices.
 (4) A credit provider that contravenes a prohibition imposed under subsection (3) commits an offence.
Criminal penalty (subsection (4)): 100 penalty units.