Document ID: chunk:federal_register_of_legislation:C2024C00826:section:5:p2
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 5 (pt 2/11)
Character Range: 44366–47000

business law means a law of the Commonwealth, or of a State or Territory, that is a law that regulates, or relates to the regulation of, business or persons engaged in business.
Australian credit licence: see subsection 35(1).
Australian credit licence number means the number given to a licence under section 43.
Australian financial services licence has the same meaning as in the Corporations Act 2001.
authorised, in relation to a credit activity: see subsection 35(2).
avoidance purpose: see subsection 323A(2).
banker has the same meaning as in section 9 of the Corporations Act 2001.
banking group means a relevant group of bodies corporate (within the meaning of the Banking Act 1959) that includes a body corporate covered by paragraph 133CN(1)(a) (about large ADIs).
banned from engaging in a credit activity under a law of a State or Territory: a person is banned from engaging in a credit activity under a law of a State or Territory if:
 (a) the person holds a State or Territory credit licence that is suspended (otherwise than by request of the person); or
 (b) the person has held a State or Territory credit licence that has been cancelled within the last 7 years (otherwise than by the person's request); or
 (c) an order of a court made under a law of a State or Territory prohibits the person from engaging in a credit activity; or
 (d) the person is otherwise prohibited under a law of a State or Territory from engaging in a credit activity.
banning order means an order made under subsection 80(1).
beneficiary of a guarantee means a person who is a party to a guarantee and who has the benefit of the guarantee, and includes a person who is a beneficiary of a guarantee because of section 10.
benefit derived and detriment avoided:
 (a) because of an offence—has the meaning given by section 288E; and
 (b) because of a contravention of a civil penalty provision—has the meaning given by section 167D.
body regulated by APRA has the same meaning as in subsection 3(2) of the Australian Prudential Regulation Authority Act 1998.
   book includes:
 (a) a register; and
 (b) any other record of information; and
 (c) financial reports or financial records, however compiled, recorded or stored; and
 (d) a document.
business day has the same meaning as in section 204 of the National Credit Code.
buy now pay later arrangement has the same meaning as in section 13D of the National Credit Code.
buy now pay later contract has the same meaning as in section 13D of the National Credit Code.
carried on in this jurisdiction has a meaning affected by section 12.
civil penalty provision: a subsection of this Act (or