Document ID: chunk:federal_register_of_legislation:C2004C01400:clause:1_306a:p2
Version: federal_register_of_legislation:C2004C01400
Segment Type: clause
Provision Reference: sch 1 cl 306A (pt 2/2)
Character Range: 6834–8837

action, in a court of competent jurisdiction, against:
 (a) in the case of a loan to or for the benefit of a political party or a State branch of a political party:
 (i) if the party or branch, as the case may be, is a body corporate—the party or branch, as the case may be; or
 (ii) in any other case—the agent of the party or branch, as the case may be; or
 (b) in any other case—the candidate or a member of the group or the agent of the candidate or of the group, as the case may be.

 (7) For the purposes of this section, if credit is provided on a credit card in respect of card transactions, the credit is to be treated as a separate loan for each transaction.

 (8) In this section:

credit card means:
 (a) any article of a kind commonly known as a credit card; or
 (b) any similar article intended for use in obtaining cash, goods or services on credit;
and includes any article of a kind that persons carrying on business commonly issue to their customers or prospective customers for use in obtaining goods or services from those persons on credit.

financial institution means an entity which carries on a business that consists of, or includes, the provision of financial services or financial products and which is:
 (a) a bank; or
 (b) a credit union; or
 (c) a building society; or
 (d) any other entity registered under the Australian Financial Institutions Commission Codes as a special service provider; or

Note: See section 111AZB of the Corporations Law for the Australian Financial Institutions Commission Codes.
 (e) an entity prescribed by the regulations for the purposes of this paragraph.

loan means any of the following:
 (a) an advance of money;
 (b) a provision of credit or any other form of financial accommodation;
 (c) a payment of an amount for, on account of, on behalf of or at the request of, an entity, if there is an express or implied obligation to repay the amount;
 (d) a transaction (whatever its terms or form) which in substance effects a loan of money.