Credit Regulations 1985

1. The date of the last day of the billing cycle

Statement date

2. The amount owed by the debtor under the contract — 

(a) on the first day of the billing cycle;

Opening balance

and

(b) on the last day of the billing cycle

Closing balance

3. Amounts payable by the debtor to the credit provider in respect of — 

(a) charges for installation of the goods;

Installation charges

(b) charges for maintenance of the goods;

Maintenance charges

(c) charges for delivery of the goods to the debtor;

Delivery charges

(d) insurance of mortgaged property (not being compulsory insurance);

Mortgaged property insurance

(e) insurance against loss of the security interest of a mortgagee by reason of any Act;

Title insurance

(f) insurance against sickness of, accidental injury to, or disability or death of, the debtor or debtors;

Consumer credit insurance

(g) life insurance of the debtor or debtors;

Life insurance

(h) insurance against unemployment of the debtor or debtors;

Unemployment insurance

(i) insurance against loss of profits by the debtor or debtors; and

Loss of profits insurance

(j) stamp duty payable in respect of or in relation to — 

(i) the continuing credit contract;

Contract stamp duty

(ii) any mortgage relating to the continuing credit contract entered into during the billing cycle; and

Mortgage stamp duty

(iii) the sum of paragraphs (i) and (ii).

Total stamp duty

4. The amount of the credit charge in respect of the billing cycle

Credit charge

5. The annual percentage rate in respect of the continuing credit contract

Annual percentage rate

6. The date by which a payment by the debtor is requested

Due date

7. The Act

Credit Act 1984

8. This Regulation

Credit Regulations 1985

9. The Commissioner ² or the Department of Consumer and Employment Protection

Consumer and Employment Protection