New Zealand Legislation: Acts

19 Content of continuing disclosure statement

• Every continuing disclosure statement must contain as much of the following information as is applicable to the consumer credit contract:

  • (a) the opening and closing dates of the period covered by the statement; and

  • (b) the opening and closing unpaid balances; and

  • (c) the date, amount, and a description of each advance during the statement period; and

  • (d) the date and amount of each interest charge debited to the debtor's account during the statement period; and

  • (e) the date and amount of each amount paid by the debtor to the creditor, or credited to the debtor, during the statement period; and

  • (f) the date, amount, and a description of each fee or charge debited to the debtor's account during the statement period; and

  • (g) the amount and the time for payment of the next payment that must be made by the debtor under the contract; and

  • (h) the annual interest rate or rates during the statement period (expressed as a percentage or percentages).

  Compare: Consumer Credit Code (Appendix to Consumer Credit (Queensland) Act 1994) s 32 (Qld)