National Consumer Credit Protection Act 2009

A debtor or guarantor is entitled to pay out the credit contract at any time.

The amount required to pay out a credit contract (other than a continuing credit contract) is the total of the following amounts:

the amount of credit;

either:

for a credit contract that is not a small amount credit contract—the interest charges and all other fees and charges payable by the debtor to the credit provider up to the date of termination; or

for a small amount credit contract—all fees and charges payable by the debtor to the credit provider up to the date of termination, excluding any unexpired monthly fee;

reasonable enforcement expenses;

early termination charges, if provided for in the contract;