Document ID: chunk:federal_register_of_legislation:C2025C00182:section:12bc:p1
Version: federal_register_of_legislation:C2025C00182
Segment Type: section
Provision Reference: s 12BC (pt 1/2)
Character Range: 84657–87348

12BC  Consumers
 (1) For the purposes of this Division, unless the contrary intention appears, a person is taken to have acquired particular financial services as a consumer if, and only if:
 (a) the price of the services did not exceed the prescribed amount; or
 (b) if the price of the services exceeded the prescribed amount—the services were of a kind ordinarily acquired for personal, domestic or household use or consumption; or
 (c) if the services were acquired for use or consumption in connection with a small business (see subsection (2)) and the price of the services exceeded the prescribed amount—the services were of a kind ordinarily acquired for business use or consumption.
 (2) For the purposes of subsection (1):
small business means a business employing less than:
 (a) if the business is or includes the manufacture of goods—100 people; or
 (b) otherwise—20 people.
 (3) For the purposes of subsection (1):
 (a) the prescribed amount is:
 (i) $40,000; or
 (ii) if a greater amount is prescribed for the purposes of this paragraph—that greater amount; and
 (b) subject to paragraph (c), the price of services purchased by a person is taken to have been the amount paid or payable by the person for the services; and
 (c) if a person purchased services together with other property or services, or with both other property and services, and a specified price was not allocated to the services in the contract under which they were purchased, the price of the services is taken to have been:
 (i) the price at which, at the time of the acquisition, the person could have purchased the services from the supplier without the other property or services; or
 (ii) if, at the time of the acquisition, the services were only available for purchase from the supplier together with the other property or services but, at that time, services of the kind acquired were available for purchase from another supplier without other property or services—the lowest price at which the person could, at that time, reasonably have purchased services of that kind from another supplier; or
 (iii) if, at the time of the acquisition, services of the kind acquired were not available for purchase from any supplier except together with other property or services—the value of the services at that time; and
 (d) if a person acquired services otherwise than by way of purchase, the price of the services is taken to have been:
 (i) the price at which, at the time of the acquisition, the person could have purchased the services from the supplier; or
 (ii) if, at the time of the acquisition, the services were not available for purchase from the supplier, or were available only together with