Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:23:p2
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 23 (pt 2/2)
Character Range: 104624–107123

the credit that would be provided if the loan contract were entered into will wholly or predominantly be used to pay for goods or services supplied by the supplier; and
 (d) if:
 (i) the person is acting on behalf of the credit provider of a credit contract or proposed credit contract that is a continuing credit contract or engaging in credit services in relation to a continuing contract; and
 (ii) the credit initially provided under the continuing credit contract or the credit that would be initially provided under the continuing credit contract if it were entered into will wholly or predominantly be used to pay for goods or services supplied by the supplier; and
 (e) if:
 (i) the person is acting on behalf of a lessor for a consumer lease or proposed consumer lease or engaging in credit services in relation to a consumer lease; and
 (ii) payments made under the lease or payments that would be made under the lease if the lease were entered into will wholly or predominantly be used to pay the lessor for the hire of goods supplied by the supplier.
 (4) The person is not exempted if the person supplies goods or services to the consumer as a result of unsolicited contact with the consumer.
 (5) In this regulation:
relevant beneficiary of a guarantee or proposed guarantee, means the beneficiary of the guarantee or proposed guarantee if the beneficiary is a:
 (a) licensee, registered person or exempt special purpose funding entity; and
 (b) linked credit provider or lessor of the supplier mentioned in subparagraph (3)(a)(i).
relevant credit provider for a credit contract or proposed credit contract, means the credit provider for the contract or proposed contract if the credit provider is a:
 (a) licensee, registered person or exempt special purpose funding entity; and
 (b) linked credit provider or lessor of the supplier mentioned in subparagraph (3)(a)(i).
relevant lessor for a consumer lease or proposed consumer lease, means the lessor under the lease or proposed lease if the lessor is a:
 (a) licensee, registered person or exempt special purpose funding entity; and
 (b) linked credit provider or lessor of the supplier mentioned in subparagraph (3)(a)(i).
relevant mortgagee for a mortgage or proposed mortgage, means the mortgagee under the mortgage or proposed mortgage if the mortgagee is a:
 (a) licensee, registered person or exempt special purpose funding entity; and
 (b) linked credit provider or lessor of the supplier mentioned in subparagraph (3)(a)(i).