Document ID: chunk:federal_register_of_legislation:C2025C00185:section:982a
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 982A
Character Range: 4083259–4083976

982A  Money to which this Subdivision applies
 (1) Subject to subsection (2), this Subdivision applies to money paid to a financial services licensee (the licensee) by way of a loan from a person (the client) in connection with activities authorised by the licensee's licence.
 (2) If a person pays money to a financial services licensee:
 (a) in order for it to be deposited to the credit of a deposit product held by the person or another person with the licensee; or
 (b) on condition that it is to be repaid to the person by the licensee, as a debt, pursuant to the terms of a debenture or other financial product issued by the licensee;
that payment does not constitute money to which this Subdivision applies.