Proclamation under the Consumer Credit (Tasmania) Act 1996

Proclamation under the Consumer Credit (Tasmania) Act 1996

I, the Governor in and over the State of Tasmania and its Dependencies in the Commonwealth of Australia, acting with the advice of the Executive Council, by this my proclamation made under section 6(2) of the Consumer Credit (Tasmania) Act 1996 declare that –

(a) the Consumer Credit (Tasmania) Regulations are amended as provided by Schedule 1 to this proclamation; and

(b) this proclamation takes effect on the day on which its making is notified in the Gazette.

16 December 2002

G. S. M. GREEN

Governor

By His Excellency's Command,

J. L. JACKSON

Minister for Justice and Industrial Relations

SCHEDULE 1 - Amendments to Consumer Credit (Tasmania) Regulations

1.   Object

The object of this Schedule is to amend the Consumer Credit (Tasmania) Regulations in conformity with the Consumer Credit Amendment Regulation (No. 1) 2000 of Queensland and the Consumer Credit Amendment Regulation (No. 1) 2001 of Queensland.

2.   Interpretation

In this Schedule, "Consumer Credit (Tasmania) Regulations" means the provisions applying under section 6 of the Consumer Credit (Tasmania) Act 1996 .

3.   Amendment of section 6 (Additional exempt credit)

Section 6(a), "$200" –

omit, insert –

"$50".

4.   Insertion of new section 6E

After section 6D –

insert –

Loans for conservation of heritage items – exemption from Code

6E. The Code does not apply to the provision of credit under any of the following provisions –

(a) the Heritage Act 1977 (NSW), section 106;

(b) the Heritage Act 1993 (SA), section 12, but only in respect of loans made from the State Heritage Fund to owners of land constituting places entered in the State Heritage Register established under that Act;

(c) the Heritage Act 1995 (Vic), section 140.

5.   Insertion of new section 6F

After section 6E –

insert –

6F. Authorised deposit-taking institutions –exemptions from Code

(1) The Code does not apply to the provision of credit by an authorised deposit-taking institution limited by the contract to a total period not exceeding 62 days.

(2) In this section, "authorised deposit-taking institution" has the meaning given under the Banking Act 1959 (Cwlth), section 5(1).

Displayed and numbered in accordance with the Rules Publication Act 1953.

Notified in the Gazette on 25 December 2002

This proclamation is administered in the Department of Justice and Industrial Relations.

EXPLANATORY NOTE

(This note is not part of the proclamation)

This proclamation amends the Consumer Credit (Tasmania) Regulations in conformity with the Consumer Credit Amendment Regulation (No. 1) 2000 of Queensland and the Consumer Credit Amendment Regulation (No. 1) 2001 of Queensland.