Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:3:p1
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 3 (pt 1/5)
Character Range: 20684–23433

3  Definitions
 (1) In these Regulations:
Act means the National Consumer Credit Protection Act 2009.
AFCA (short for the Australian Financial Complaints Authority) has the same meaning as in the Corporations Act.
agreed price, of goods hired under a consumer lease: see subregulation 105AA(2).
annual percentage rate has the same meaning as in section 27 of the Code.
Australian ADI has the meaning given by section 9 of the Corporations Act.
authorised contact means contact with a consumer by a person in relation to the supply of goods or services by the person to the consumer, if the contact is made:
 (a) no later than 3 months after the consumer provided his or her contact details:
 (i) to the person; and
 (ii) for the purpose of being contacted about the supply of the goods or services; or
 (b) by posting to, or leaving at, a residential address written promotional material about goods or services; or
 (c) in relation to the possible return of goods supplied to the consumer or the possible provision of replacement goods to the consumer.
campaign‑based benefit: see regulation 28VF.
carried over instrument has the meaning given by subsection 4(1) of the Transitional Act.
clawback requirements: see regulation 28VG.
Code means the National Credit Code.
Corporations Act means the Corporations Act 2001.
credit card means:
 (a) a card of a kind commonly known as a credit card; or
 (b) a card of a kind that persons carrying on business commonly issue to their customers, or prospective customers, for use in obtaining goods or services from those persons on credit; or
 (c) anything else that may be used as a card mentioned in paragraph (a) or (b).
credit card contract means a continuing credit contract (as defined in section 204 of the Code) under which credit is ordinarily obtained only by the use of a credit card.
credit reporting assistance: see regulation 4C.
debt management assistance: see regulation 4B.
debt management service: see subregulation 4A(2).
default rate has the same meaning as in section 27 of the Code.
drawdown cap: see subregulation 28VC(1) for the benefits to which the drawdown cap applies.
electronic document retrieval system: see regulation 72C.
excluded amount: see subregulation 28VD(3).
exempt public authority means a body corporate that is incorporated within Australia or an external Territory and is:
 (a) a public authority; or
 (b) an instrumentality or agency of the Crown in right of the Commonwealth, in right of a State or in right of a Territory.
exempt special purpose funding entity means a special purpose funding entity that is engaging in a credit activity and is exempt, under regulation 23B or 23C, from the requirement to hold a licence.
financial counselling association has