Victorian Repealed Regulations

This legislation has been repealed.

Credit Regulations 1995 - SECT 30

Charges to be included in amount financed

30. Charges to be included in amount financed



(1) For the purposes of item 1(g) of Schedule 2 to the Act and item (1)(d) of
Schedule 4 to the Act, the following charges are prescribed in relation to a
credit sale contract or a loan contract-

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

   (b)  fees payable for registration of a discharge of mortgage in force
        before the relevant date; and

   (c)  fees payable to the Registrar of Titles for searching records; and

   (d)  stamp duty payable in relation to a mortgage relating to the contract,
        being a mortgage proposed to be entered into after the relevant date;
        and

   (e)  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; and

   (f)  fees payable for lodgement of caveat under the
        Transfer of Land Act 1958, where the estate or interest referred to in
        the caveat relates to the regulated contract; and

   (g)  fees payable to a duly qualified valuer (not being the credit provider
        or an employee of the credit provider) for preparation of a valuation
        of property the subject of a mortgage relating to the regulated
        contract; and

   (h)  stamp duty payable in relation to a caveat under the
        Transfer of Land Act 1958 where the estate or interest referred to in
        the caveat relates to a regulated mortgage; and

        (i)    fees payable for registration of a person as the holder of a
               security interest in goods under the Chattel Securities Act
               1981; and

   (j)  fees payable for a certificate of entries in the register kept under
        the Chattel Securities Act 1981.

(2) In this regulation-



"relevant date", in relation to a credit sale contract or a loan contract,
means the date on which the contract is entered into or, if the contract is
entered into by acceptance by the credit provider of an offer by the debtor,
the date on which the offer is made.