Credit Regulations 1985

For the purposes of sections 53 and 54 of the Act the following charges are prescribed in relation to a continuing credit contract —

fees payable for registration of a mortgage relating to the contract;

fees payable to discharge a mortgage in force before the relevant date;

fees payable to the Western Australian Land Information Authority for searching land title records;

stamp duty payable in relation to a mortgage relating to the contract;

stamp duty payable in relation to a contract of guarantee, being a contract of guarantee in respect of the obligations of the debtor under the contract;

fees payable for lodgement of a caveat under the Transfer of Land Act 1893, where the estate or interest referred to in the caveat relates to the contract;

fees payable to a duly qualified legal practitioner (not being the credit provider or an employee of the credit provider) authorised to prepare documents for the contract or for a mortgage relating to the contract entered into before the relevant date; and

fees payable to a licensed valuer within the meaning of the Land Valuers Licensing Act 1978 (not being the credit provider or an employer of the credit provider) for preparation of a valuation of property the subject of a mortgage relating to the contract.

In this regulation relevant date, in relation to a regulated continuing credit contract, means the date on which the contract is entered into.