Document ID: chunk:federal_register_of_legislation:C2015C00053:clause:2_62
Version: federal_register_of_legislation:C2015C00053
Segment Type: clause
Provision Reference: sch 2 cl 62
Character Range: 83456–84151

62  Subsection 6(1)
Insert:
securitisation related purpose of a credit provider in relation to an individual is the purpose of:
 (a) assessing the risk in purchasing, by means of a securitisation arrangement, credit that has been provided to, or applied for by:
 (i) the individual; or
 (ii) a person for whom the individual is, or is proposing to be, a guarantor; or
 (b) assessing the risk in undertaking credit enhancement in relation to credit:
 (i) that is, or is proposed to be, purchased or funded by means of a securitisation arrangement; and
 (ii) that has been provided to, or applied for by, the individual or a person for whom the individual is, or is proposing to be, a guarantor.