Australian Capital Territory
Consumer Credit Regulations 1996    
SL1996-24
made under the
Consumer Credit Act 1995
Republication No 2
Effective:  20 April 2004 – 1 November 2004
Republication date: 20 April 2004
Last amendment made by A2004-18

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 (including any amendment made under the Legislation Act 2001, part 11.3 (Editorial changes)) as in force on 20 April 2004.  It also includes any amendment, repeal or expiry affecting the republished law to 20 April 2004.  
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.  
This republication does not include amendments 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.

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
	5	Earlier republications	5

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 8B (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.
2	Abbreviation key

am = amended	ord = ordinance	
amdt = amendment	orig = original	
ch = chapter	par = paragraph/subparagraph	
cl = clause	pres = present	
def = definition	prev = previous	
dict = dictionary	(prev...) = previously	
disallowed = disallowed by the Legislative 	pt = part	
Assembly	r = rule/subrule	
div = division	reg = regulation/subregulation	
exp = expires/expired	renum = renumbered	
Gaz = Gazette	reloc = relocated	
hdg = heading	R[X] = Republication No	
IA = Interpretation Act 1967	RI = reissue	
ins = inserted/added	s = section/subsection	
LA = Legislation Act 2001	sch = schedule	
LR = legislation register	sdiv = subdivision	
LRA = Legislation (Republication) Act 1996	sub = substituted	
mod = modified/modification	SL = Subordinate Law	
o = order	underlining = whole or part not commenced	
om = omitted/repealed	or to be expired	
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)
Justice and Community Safety Legislation Amendment Act 2004 A2004-18 pt 4
notified LR 6 April 2004
s 1, s 2 commenced 6 April 2004 (LA s 75 (1))
pt 4 commenced 20 April 2004 (s 2)
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
Maximum annual percentage rate
reg 5	am A2004-18 s 13

5	Earlier republications
Some earlier republications were not numbered. The number in column 1 refers to the publication order.  
Since 12 September 2001 every authorised republication has been published in electronic pdf format on the ACT legislation register.  A selection of authorised republications have also been published in printed format. These republications are marked with an asterisk (*) in column 1.  Except for the footer, electronic and printed versions of an authorised republication are identical. 

Republication No	Amendments to	Republication date	
1	A2001-44	9 July 2002	

©  Australian Capital Territory 2004