Credit Contracts and Consumer Finance Act 2003

Miscellaneous provisions

133: Changes, deferrals, or postponements under credit contracts and consumer leases

You could also call this:

"Changing or delaying a credit contract or lease: what you need to know"

Illustration for Credit Contracts and Consumer Finance Act 2003

You have a credit contract or consumer lease. If you make changes to it, or delay a payment, it is not a new contract. This is if the changes or delays follow the rules of the Act or the contract. You must follow the rules. You can get more goods under a consumer lease, or make changes to it, without creating a new lease. This is if you follow the rules of the Act or the lease. You cannot create a new credit contract by doing this.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM213524.

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

Topics:

Money and consumer rights > Consumer protection

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Part 6Miscellaneous provisions

133Changes, deferrals, or postponements under credit contracts and consumer leases

The provision of credit as a result of a change to an existing credit contract, or a deferral of an amount payable under an existing credit contract, or a postponement relating to an existing credit contract, is not to be treated as creating a new credit contract for the purposes of this Act if the change, deferral, or postponement is made in accordance with this Act or the existing credit contract.
The provision of further goods under an existing consumer lease, or a change in a consumer lease as a result of a deferral of an amount payable under an existing consumer lease, or a postponement relating to an existing consumer lease, is not to be treated as creating a new consumer lease for the purposes of this Act or as creating a credit contract for the purposes of this Act if the provision of the further goods, change, deferral, or postponement is made in accordance with this Act or the existing consumer lease.