62Charge card contracts—exemption of certain contracts from Code

#### 62 Charge card contracts—exemption of certain contracts from Code (1) The Code does not apply to the provision of credit under a charge card contract made available by any of the following credit providers: (a) American Express Australia Limited ACN 108 952 085; (b) American Express International Inc. ARBN 000 618 208; (c) Diners Club Pty Limited ACN 004 343 051; (d) Motorcharge Limited ACN 008 962 132. > Note: Examples: > Note: 1 American Express Platinum Card. > Note: 2 Diners Club Personal Card. > Note: 3 Motorcharge Card. (2) In subsection (1): > charge card contract means a credit contract under which: (a) credit is ordinarily obtained by the use of a card; and (b) multiple advances of credit are contemplated; and (c) the provision of an advance of credit is limited to a total period of not more than 62 days; and (d) monthly or other periodic statements of account are provided to the debtor; and (e) liquidated damages or charges for late payment are payable by the debtor if the debtor does not repay an advance of credit mentioned in a monthly or other periodic statement of account within a stated period. > Note: Subsection 6(13) of the Code provides that the regulations may exclude the provision of credit of any class from the Code.