Document ID: chunk:federal_register_of_legislation:F2025L00303:clause:1_69f
Version: federal_register_of_legislation:F2025L00303
Segment Type: clause
Provision Reference: sch 1 cl 69F
Character Range: 9331–10147

69F  Meaning of buy now pay later arrangement and buy now pay later contract—arrangements or series of arrangements that are not buy now pay later arrangements
 (1) For the purposes of subsection 13D(2) of the Code, this regulation prescribes arrangements or a series of arrangements that are not a buy now pay later arrangement.

Medical financing at no cost to the consumer
 (2) An arrangement or a series of arrangements is not a buy now pay later arrangement if all of the following apply:
 (a) the merchant is a related body corporate of the BNPL provider;
 (b) the merchant supplies a service to the consumer;
 (c) the service is a service for which medicare benefit is payable under Part II of the Health Insurance Act 1973;
 (d) the BNPL provider provides credit to the consumer at no cost to the consumer.