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Consumer Credit Contracts are essential documents in Australian consumer finance, used when credit providers extend credit to individuals for personal, domestic, or household purposes. These contracts must strictly comply with the National Consumer Credit Protection Act 2009 and the National Credit Code, which mandate specific content, disclosures, and consumer protections. The document is used across various credit products including personal loans, credit cards, car loans, and small amount credit contracts. It must include pre-contractual disclosure requirements, clear terms about credit limits, interest rates, fees, and repayment schedules, while incorporating mandatory consumer rights such as hardship provisions and dispute resolution procedures. The contract serves both as a legal agreement and a compliance document, reflecting Australian regulatory requirements for consumer credit providers.

1. Parties: Identification of the credit provider and borrower(s), including full legal names, addresses, and ABN/ACN for the credit provider

2. Background: Context of the credit agreement, purpose of the loan, and acknowledgment of pre-contractual disclosure

3. Definitions: Definitions of key terms used throughout the contract, including statutory terms from the National Credit Code

4. Amount of Credit: Clear statement of the credit amount, credit limit, or maximum amount of credit to be provided

5. Interest: Interest rate(s), how interest is calculated and charged, and circumstances where rates may change

6. Repayments: Payment amounts, frequency, method of payment, and total number of payments required

7. Fees and Charges: All applicable fees and charges, when they're payable, and circumstances where they may change

8. Security: Details of any security being provided for the credit

9. Events of Default: Circumstances constituting default and consequences of default

10. Borrower's Rights: Statutory rights under the National Credit Code including hardship variations and dispute resolution

11. Credit Provider's Rights: Rights of the credit provider including enforcement rights and assignment

12. General Provisions: Standard contract terms including notices, amendments, governing law, and severability