Queensland Consolidated Acts Queensland Consolidated ActsWhere a credit provider or a mortgagee serves a notice referred to in section 108 on a debtor in relation to a regulated contract or on a mortgagor in relation to a regulated mortgage and the notice is complied with in accordance with section 108(4), the credit provider or mortgagee shall not, in relation to the default specified in the notice, institute proceedings or exercise or purport to exercise a right under the contract or mortgage or a contract of guarantee that relates to the contract.
Maximum penalty--40 penalty units.