The Consumer Credit (Charge Card) Amendment Regulation (No 1) 2005 No 258 (Qld) clarifies the application of the
Consumer Credit Code to certain charge card contracts.

The regulation exempts charge card contracts entered into with
the following credit providers from the operation of the Consumer
Credit Code:

• American Express Australia Ltd
• American Express International Inc.
• Diners Club Pty Ltd
• Motorcharge Ltd.

A charge card contract is defined in paragraph 6J(2) of the regulation to mean:

‘… a credit contract under which:

credit is ordinarily obtained by the use of a card; and

multiple advances of credit are contemplated; and

the provision of an advance of credit is limited to a total period of not more than 62 days; and

monthly or other periodic statements of account are provided to the debtor; and

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.’