Western Australian Consolidated Regulations

CREDIT REGULATIONS 1985 - REG 14A

14A .         Prescribed charges in relation to continuing credit contracts

        (1)         For the purposes of sections 53 and 54 of the Act the following charges are prescribed in relation to a continuing credit contract — 

            (a)         fees payable for registration of a mortgage relating to the contract;

            (b)         fees payable to discharge a mortgage in force before the relevant date;

            (c)         fees payable to the Western Australian Land Information Authority for searching land title records;

            (d)         stamp duty payable in relation to a mortgage relating to the contract;

            (e)         stamp duty payable in relation to a contract of guarantee, being a contract of guarantee in respect of the obligations of the debtor under the contract;

            (f)         fees payable for lodgement of a caveat under the Transfer of Land Act 1893 , where the estate or interest referred to in the caveat relates to the contract;

            (g)         fees payable to a duly qualified legal practitioner (not being the credit provider or an employee of the credit provider) authorised to prepare documents for the contract or for a mortgage relating to the contract entered into before the relevant date; and

            (h)         fees payable to a licensed valuer within the meaning of the Land Valuers Licensing Act 1978 (not being the credit provider or an employer of the credit provider) for preparation of a valuation of property the subject of a mortgage relating to the contract.

        (2)         In this regulation relevant date , in relation to a regulated continuing credit contract, means the date on which the contract is entered into.

        [Regulation 14A inserted in Gazette 10 Oct 1986 p. 3874‑5; amended in Gazette 22 Dec 2006 p. 5803.]