Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:28lce
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 28LCE
Character Range: 200203–201081

28LCE  Authorisation for deduction
 (1) For subsection 160E(2) of the Act, a kind of credit contract or consumer lease is any credit contract or consumer lease under which a credit provider or lessor intends to give an employer an instrument as described in subsection 160E(1) of the Act.
Note: Subsection 160E(2) of the Act relates to credit contracts or consumer leases of a kind prescribed by the regulations.
 (2) For subsection 160E(2) of the Act, the form of statement is set out in Schedule 10.
Note: Schedule 10 sets out the statement within a form of document that a credit provider or lessor may use as the instrument authorising the employer to pay amounts directly to the credit provider or lessor. To comply with the Act, the statement must comply with Schedule 10 whether or not the credit provider or lessor chooses to use the document as the formal instrument.