Credit Contracts and Consumer Finance Act 2003

Consumer credit contracts - Disclosure standards and how disclosure is made

33: Assumptions

You could also call this:

"Rules for sharing important information about your credit contract"

Illustration for Credit Contracts and Consumer Finance Act 2003

When you enter a consumer credit contract, some information must be shared with you. This information can be given using certain assumptions that are allowed under the law. You can think of assumptions like rules that help work out what information to share. These assumptions help make sure you get the information you need. If some information is not easy to find out, it can still be used if it can be worked out using these assumptions. This is only allowed when the disclosure statement is being prepared. The disclosure statement is like a document that tells you important details about your credit contract. If the information in the disclosure statement is based on these assumptions, it is considered correct. This means that as long as the information follows the allowed assumptions, it is okay. You can rely on this information to understand your credit contract.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM212778.

This page was last updated on 1 January 2026 — View changes

Topics:

Money and consumer rights > Consumer protection

32: Disclosure standards, or

"Lenders must give you clear and accurate information when you borrow money"

34: Creditor, etc, may voluntarily use model disclosure statement if not required to use mandatory form, or

"You can choose to use a model disclosure statement even if you don't have to."

Part 2Consumer credit contracts
Disclosure standards and how disclosure is made

33Assumptions

Information that is required to be disclosed under this Act may be disclosed by using or applying the assumptions that are prescribed for the purposes of this section in accordance with the terms and conditions (if any) that apply to those assumptions.
Information that is required to be disclosed under this Act that is not otherwise ascertainable must be treated as ascertainable if it is ascertainable on the basis of the prescribed assumptions as at the date that the disclosure statement is prepared.
Information disclosed in a disclosure statement must be treated as correctly disclosed if it is within the prescribed assumptions.