Australian Capital Territory Numbered Acts

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CREDIT (AMENDMENT) ACT 1991 (NO. 97 OF 1991) - SECT 5

Tribunal may reduce credit provider's loss

5. Section 85 of the Principal Act is amended by inserting after subsection (4) the following subsections:

“(4A) The Tribunal may, when making a determination under this section of the amount that a debtor is liable to pay, give the parties to the proceedings such directions as the Tribunal considers appropriate relating to the payment of the amount owed by the debtor or by the credit provider as a result of the determination.

“(4B) A determination made by the Tribunal under this section of the liability of a debtor has effect only in respect of the contravention or failure to which the determination relates.”.



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