Australian Capital Territory
Consumer Credit Regulations 1996     No 24
made under the
Consumer Credit Act 1995
Republication No 1
Republication date: 9 July 2002
Last amendment made by Act 2001 No 44
Amendments incorporated to 12 September 2001

Unauthorised version prepared by ACT Parliamentary Counsel's Office

About this republication
The republished law
This is a republication of the Consumer Credit Regulations 1996, made under the Consumer Credit Act 1995, as in force on 9 July 2002.  It includes any amendment, repeal or expiry affecting the republished law to 12 September 2001 and any amendments made under the Legislation Act 2001, part 11.3 (Editorial changes).  
The legislation history and amendment history of the republished law are set out in endnotes 3 and 4. 
Kinds of republications
The Parliamentary Counsel’s Office prepares 2 kinds of republications of ACT laws (see the ACT legislation register at www.legislation.act.gov.au):
•	authorised republications to which the Legislation Act 2001 applies
•	unauthorised republications.
The status of this republication appears on the bottom of each page.
Editorial changes
The Legislation Act 2001, part 11.3 authorises the Parliamentary Counsel to make editorial amendments and other changes of a formal nature when preparing a law for republication.  Editorial changes do not change the effect of the law, but have effect as if they had been made by an Act commencing on the republication date (see Legislation Act 2001, s 115 and s 117).  The changes are made if the Parliamentary Counsel considers they are desirable to bring the law into line, or more closely into line, with current legislative drafting practice.  
When preparing the authorised version of this republication amendments were made under part 11.3 (see endnote 1).
Uncommenced provisions and amendments
If a provision of the republished law has not commenced or is affected by an uncommenced amendment, the symbol  U  appears immediately before the provision heading.  The text of the uncommenced provision or amendment appears only in the last endnote.
Modifications
If a provision of the republished law is affected by a current modification, the symbol  M  appears immediately before the provision heading.  The text of the modifying provision appears in the endnotes.  For the legal status of modifications, see Legislation Act 2001, section 95.
Penalties
The value of a penalty unit for an offence against this republished law at the republication date is—
	(a)	if the person charged is an individual—$100; or
	(b)	if the person charged is a corporation—$500.

Amendments incorporated to
12 September 2001

Australian Capital Territory
Consumer Credit Regulations 1996
made under the
Consumer Credit Act 1995
Contents
	Page
	1	Name of regulations	2
	4	Transfer of proceedings	2
	5	Maximum annual percentage rate	2
Endnotes
	1	About the endnotes	3
	2	Abbreviation key	3
	3	Legislation history	4
	4	Amendment history	4

Amendments incorporated to
12 September 2001

Australian Capital Territory
Consumer Credit Regulations 1996     

made under the
Consumer Credit Act 1995

    

  

1	Name of regulations
These regulations are the Consumer Credit Regulations 1996.
4	Transfer of proceedings
	(1)	If proceedings are instituted in, or are before, a court in a matter for the determination of which the credit tribunal and the court each have jurisdiction, the proceedings shall—
	(a)	if all the parties to the proceedings so agree; or
	(b)	if the court on its own initiative or on the application of a party so directs;
be transferred to the credit tribunal and shall continue before the credit tribunal as if they had been instituted there.
	(2)	If proceedings are instituted in, or are before, the credit tribunal in a matter for the determination of which the credit tribunal and a court each have jurisdiction, the proceedings shall—
	(a)	if all the parties so agree; or
	(b)	if the credit tribunal on its own initiative or on the application of a party so directs;
be transferred to the court in accordance with the rules of the court or, if the court is not empowered to make those rules, as prescribed, and shall continue before the court as if they had been instituted in the court.
5	Maximum annual percentage rate
For the Act, section 10 (1), the prescribed maximum annual percentage rate is 48% per annum for all classes of credit contracts to which the Consumer Credit (Australian Capital Territory) Code applies. 

Endnotes
1	About the endnotes
Amending and modifying laws are annotated in the legislation history and the amendment history.  Current modifications are not included in the republished law but are set out in the endnotes.
Not all editorial amendments made under the Legislation Act 2001, part 11.3 are annotated in the amendment history.  Full details of any amendments can be obtained from the Parliamentary Counsel’s Office.
Uncommenced amending laws and expiries are listed in the legislation history and the amendment history.  These details are underlined.  Uncommenced provisions and amendments are not included in the republished law but are set out in the last endnote.
If all the provisions of the law have been renumbered, a table of renumbered provisions gives details of previous and current numbering.  
The endnotes also include a table of earlier republications.
If the republished law includes penalties, current information about penalty unit values appears on the republication inside front cover.
2	Abbreviation key

am = amended	ord = ordinance	
amdt = amendment	orig = original	
ch = chapter	p = page	
cl = clause	par = paragraph	
def = definition	pres = present	
dict = dictionary	prev = previous	
disallowed = disallowed by the Legislative 	(prev...) = previously	
Assembly	prov = provision	
div = division	pt = part	
exp = expires/expired	r = rule/subrule	
Gaz = Gazette	reg = regulation/subregulation	
hdg = heading	renum = renumbered	
IA = Interpretation Act 1967	reloc = relocated	
ins = inserted/added	R[X] = Republication No	
LA = Legislation Act 2001	s = section/subsection	
LR = legislation register	sch = schedule	
LRA = Legislation (Republication) Act 1996	sdiv = subdivision	
mod = modified / modification	sub = substituted	
No = number	SL  = Subordinate Law	
num = numbered	underlining = whole or part not commenced	
o = order	or to be expired	
om = omitted/repealed		
3	Legislation history
The Consumer Credit Regulations 1996 were originally the Consumer Credit Regulations.  They were renamed under the Legislation Act 2001.
Consumer Credit Regulations 1996 SL No 24
notified 1 November 1996
commenced 1 November 1996 (reg 2)
as amended by
Legislation (Consequential Amendments) Act 2001 No 44 pt 76
notified 26 July 2001 (Gaz 2001 No 30)
s 1, s 2 commenced 26 July 2001 (IA s 10B)
pt 76 commenced 12 September 2001 (s 2 and see Gaz 2001 No S65)
4	Amendment history
Name of regulations
reg 1 hdg	am R1 LA
reg 1	am R1 LA
Commencement
reg 2	om Act 2001 No 44 amdt 1.805
Interpretation
reg 3	om Act 2001 No 44 amdt 1.805
	def the Act om Act 2001 No 44 amdt 1.805

Unauthorised version prepared by ACT Parliamentary Counsel's Office

©  Australian Capital Territory 2002