Document ID: chunk:federal_register_of_legislation:C2015C00053:clause:2_9
Version: federal_register_of_legislation:C2015C00053
Segment Type: clause
Provision Reference: sch 2 cl 9
Character Range: 71387–72057

9  Subsection 6(1)
Insert:
consumer credit means credit:
 (a) for which an application has been made by an individual to a credit provider, or that has been provided to an individual by a credit provider, in the course of the provider carrying on a business or undertaking as a credit provider; and
 (b) that is intended to be used wholly or primarily:
 (i) for personal, family or household purposes; or
 (ii) to acquire, maintain, renovate or improve residential property for investment purposes; or
 (iii) to refinance consumer credit that has been provided wholly or primarily to acquire, maintain, renovate or improve residential property for investment purposes.