NATIONAL CONSUMER CREDIT PROTECTION REGULATIONS 2010 - SCHEDULE 6

Key Facts Sheets for credit card contracts  (regulation 28LFA)

Part 1 -- Model of Key Facts Sheets

Key facts about this credit card

Correct as at: [date on which Key Facts Sheet is produced]

Lender's logo and/or name

This information sheet is an Australian Government requirement under the National Consumer Credit Protection Act 2009

Description of credit card

Product name

[name of credit card product]

Minimum credit limit

[minimum credit limit]

Minimum repayments 1

[minimum repayment or how the minimum repayment will be calculated]

Interest on purchases

[interest rate payable on purchases]

Interest-free period 2

[description of interest-free period]

Interest on cash advances

[interest payable on cash advances]

Promotional interest rate 3

[promotional interest rate]

Balance transfer interest rate 3

[interest rate payable on transferred balances and (if applicable) the number of months for which the rate is applicable]

Annual fee

[annual fee]

Late payment fee

[late payment fee]

There may be circumstances in which you have to pay other fees. You can only be charged a fee for exceeding your credit limit if you separately agree to being charged that fee 4 . A full list of current fees applicable to this credit card can be obtained from [ web address for lender's fees page ].

For more information on choosing and using credit cards visit the ASIC consumer website at www.moneysmart.gov.au

The terms on which this credit card is offered can change over time. You can check if any changes have been made by visiting [ web address for lender's credit card Key Facts Sheet page ] or by contacting us on [ lender's contact phone number ] 5 .
     

Notes for using model

1     Minimum repayments may be expressed as amounts or as an explanation of how minimum repayments will be calculated.

2     The expression 'interest free' must be used in accordance with section 30B of the Credit Act and the regulations made under that section.

3     This item may be omitted if it is not relevant or applicable to the credit card contract.

4     This sentence may be omitted if it is not relevant or applicable to the credit card contract.

5     The licensee may provide both a web address and a phone number or only one of those contact methods. If the licensee only provides one of those methods, the licensee may omit the phrase that refers to the option that is not provided

Part 2 -- Information about preparing a Key Facts Sheet

Notes for using model of Key Facts Sheet

2.1              The notes for using the model Key Facts Sheet in Part 1 are to be deleted from a Key Facts Sheet provided to a consumer.

Key Facts Sheet for more than one credit card

2.2              A licensee may publish a Key Facts Sheet about more than one credit card in a table format by adding columns to the right of the tables in the model Key Facts Sheet in Part 1. If the licensee does so, the Key Facts Sheet provided to a consumer must enable the consumer to clearly identify or select each credit card for which the consumer is applying.

Publication online

2.3              If a Key Facts Sheet is published online, links must be provided to the websites mentioned in the Key Facts Sheet.