E-commerce and Credit Code

The draft Consumer Credit (Queensland) Amendment Bill and the draft Consumer Credit Amendment Regulation (No.1) 2004 have been released for comment. If passed they will implement the e-commerce recommendations of the Post Implementation Review of the Consumer Credit Code.

According to the Uniform Consumer Credit Code Management Committee, the proposed amendments clarify the extent to which the Code , the uniform electronic transactions legislation and the general law authorise the use of electronic communications for transactions governed by the Code.

The proposed amendments do not introduce new e-commerce concepts. They ensure that consumer protection is not compromised because a credit contract was formed electronically or because the debtor elects to receive notices electronically.

Read the Explanatory Paper

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