Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:25:p2
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 25 (pt 2/3)
Character Range: 127887–130570

including indirect remuneration, that person 1, or an associate of person 1, may receive that are attributable to the activity; and
 (c) the disclosure mentioned in paragraph (b) is provided in the same form as the information mentioned in subparagraph (a)(ii).
 (3) A credit activity is exempted if it is a credit activity engaged in in respect of the provision of credit mentioned in:
 (a) subsection 6(9) or (11) of the Code; or
 (b) regulation 52, 54, 55, 56, 57, 60, 61 or 63.
 (4) A credit activity is exempted if:
 (a) a person (the referrer) engages in a credit activity before 1 October 2010; and
 (b) the activity consists only of:
 (i) the referrer informing another person (the consumer) that a licensee or registered person, or a representative of a licensee or registered person, is able to provide a particular credit activity or a class of credit activities; and
 (ii) the referrer giving to the licensee, registered person or representative the consumer's name and contact details; and
 (iii) the referrer giving to the licensee, registered person or representative a short description of the purpose for which the consumer may want a provision of credit or a consumer lease (if the referrer knows the purpose); and
 (c) the referrer is not banned from engaging in the credit activity under:
 (i) a law of a State or Territory; or
 (ii) Part 2‑4 of the Act; and
 (d) at the time the activity is engaged in, the referrer discloses to the consumer:
 (i) any benefits, including indirect remuneration, that the referrer, or an associate of the referrer, may receive in respect of the activity; and
 (ii) any benefits, including indirect remuneration, that the referrer, or an associate of the referrer, may receive that are attributable to the activity; and
 (e) the referrer has not required the consumer to pay a fee to any person in relation to the referrer giving to the licensee, registered person or representative the consumer's name; and
 (f) the consumer has consented to the referrer giving to the licensee, registered person or representative the consumer's name; and
 (g) the referrer engages in the activity as a matter incidental to the carrying on of a business that is not principally making contact with persons for the purpose of giving their names or other details to another person.
 (5) A credit activity is exempted if:
 (a) a person (the referrer) engages in a credit activity on or after 1 October 2010 under an agreement with the licensee or registered person or a representative of the licensee or registered person; and
 (b) the agreement:
 (i) specifies the conduct in which the referrer can engage as conduct to which the exemption applies;