Statement of account not needed in certain circumstances
65 Statement of account not needed in certain circumstances
Nothing in section 61 or 64 requires a credit provider to give to a debtor a statement of account in respect of a billing cycle of a continuing credit contract where—
during the billing cycle an amount was not entered in the account of the debtor kept by the credit provider and at the end of the billing cycle there was not an amount entered in the account and owing by or to the debtor;
during the billing cycle—
the credit provider wrote off the debt of the debtor under the contract; and
no other entries were made in the account of the debtor kept by the credit provider; or
during the whole of the billing cycle and the two immediately preceding billing cycles, the debtor was in default under the contract and, before the commencement of the first-mentioned billing cycle, the credit provider, in accordance with the contract, exercised a right not to provide further credit under the contract and did not, during the billing cycle, provide further credit.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.