Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:66
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 66
Character Range: 307721–308361

66  Deemed mortgages for goods lease with option to purchase
  For paragraph 9(3)(f) of the Code, the terms and conditions of a mortgage are set out in Form 4.
Note: Section 9 of the Code treats a goods lease with an option to purchase to be a sale of goods by instalments for the purposes of the Code.
 If the lease is a credit contract because of subsection 5(1) of the Code, a mortgage containing the terms and conditions set out in the regulations is taken by paragraph 9(3)(f) of the Code to have been entered into between the person to whom the goods are hired and the supplier as security for payments to the supplier by the hirer.