Section 138 — Credit Contracts and Consumer Finance Act 2003: Regulations

138 Regulations (1) The Governor-General may, by Order in Council, make regulations for all or any of the following purposes: (a) prescribing any class of credit contract that is exempted from being a consumer credit contract and the terms and conditions (if any) applying to the exemption: (b) prescribing any other information that must be disclosed under section 22 or section 23 or section 26 : (c) prescribing, for the purposes of section 23 or section 26 , any alternative publication requirements in relation to disclosing a change to the amount of an interest rate or a change to the amount of any fee or charge payable: (d) prescribing any class of change to a matter for which disclosure under section 23 is not required: (e) prescribing model disclosure statements that comply with section 32 , and the terms and conditions on which the model disclosure statements may be used: (f) prescribing, for the purposes of section 33 , the assumptions that may be made when disclosing information that is required to be disclosed under this Act and the terms and conditions (if any) that apply to those assumptions: (g) prescribing a procedure or procedures for calculating a reasonable estimate of a creditor's loss arising from full prepayment: (h) prescribing, for the purposes of section 52 , the procedure for calculating a proportionate rebate of any premium paid for any consumer credit insurance product financed under a consumer credit contract: (i) prescribing the procedure for determining the maximum amount payable by a lessee on the termination of a consumer lease before the end of its term: (j) prescribing the form of the certificate that must be given under section 73 : (k) prescribing, for the purposes of Schedule 1 , any other information or warnings as key information concerning a consumer credit contract: (l) prescribing, for the purposes of Schedule 2 , any other information or warnings as information concerning a consumer lease: (m) prescribing, for the purposes of Schedule 3 , any other information or warnings as information concerning a buy-back transaction: (n) providing for any other matters contemplated by this Act, necessary for its administration, or necessary for giving it full effect. (2) For the purposes of subsection (1)(e) , regulations may— (a) prescribe model disclosure statements in any language; and (b) authorise the translation of a prescribed model disclosure statement into 1 or more languages and the terms and conditions that apply to the translation. (3) Without limiting subsection (1)(f) , regulations may prescribe assumptions for the purposes of section 33 that relate to— (a) the amount of any advance, interest rate, fee, charge, or payment; and (b) whether or not at any time there will be a change to the amount of any advance, interest rate, fee, charge, or payment; and (c) when any advance or payment will be made or will become payable; and (d) when any interest charge, fee, or other charge will be paid or become payable; and (e) the actions or behaviour of any person.