Queensland Consolidated Acts

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CONSUMER CREDIT CODE - SECT 169

169 Contracting out

(1) A provision of a contract or other instrument by which a person seeks to avoid or modify the effect of this Code is void.

(2) A provision of a contract or other instrument by which a person seeks to have the debtor or guarantor indemnify the credit provider for any loss or liability arising under this Code is void.

(3) A credit provider that is a party to any such contract or other instrument is guilty of an offence.

Maximum penalty--100 penalty units.

(4) Subsection (2) does not affect the operation of section 55(2).



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