Exclusion from definition of “credit sale contract”
4 Exclusion from definition of “credit sale contract”
A contract is not a credit sale contract within the meaning of section 5(1) of the Act and a contract is not a continuing credit contract in relation to the provision of credit as referred to in section 48(2)(a)(i) of the Act where, under or in relation to the contract —
a charge is not made or cannot be made for the provision of credit; and
the amount paid or payable by the debtor does not exceed the cash price of the goods or services within the meaning of paragraph (b) of the definition of “cash price” in section 5(1) of the Act.
[Regulation 4, formerly regulation 5, renumbered as regulation 4 and amended: Gazette 10 Jan 1986 p. 137.]
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