Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:20:p5
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 20 (pt 5/6)
Character Range: 93490–96085

consumer lease offered by a licensee, a registered person or an exempt special purpose funding entity; or
 (ii) to obtain services or benefits under a particular credit contract or consumer lease offered by a licensee, a registered person or an exempt special purpose funding entity; and
 (d) the organisation provides credit services (within the meaning given by section 7 of the Act) in relation to the particular credit contract or consumer lease to members or persons likely to become members under a contract or agreement with the licensee, registered person or exempt special purpose funding entity; and
 (e) it would not ordinarily be the case that:
 (i) the credit to be provided under the credit contract is provided predominantly for the payment for services, goods or benefits provided by the organisation or an associate of the organisation; or
 (ii) the goods to be hired under the consumer lease are supplied by the organisation or an associate of the organisation.
 (12) A person is exempted if:
 (a) either:
 (i) the person:
 (A) is a charitable body (within the same meaning as in ASIC Class Order [CO 02/184]); and
 (B) is engaging in credit activities by providing a credit service in relation to credit contracts or consumer leases provided by a licensed or registered credit provider or lessor or an exempt special purpose funding entity that is a credit provider or lessor; or
 (ii) the person:
 (A) is not a charitable body (within the same meaning as in ASIC Class Order [CO 02/184]); and
 (B) is engaging in credit activities by providing a credit service in relation to credit contracts or consumer leases provided by an ADI; and
 (b) the credit contracts or consumer leases are offered as part of a program designed for low income consumers who are entitled:
 (i) to hold a Health Care Card or Pension Concession Card; or
 (ii) to receive Family Tax Benefit Part A; and
 (c) the only benefit (including as indirect remuneration) payable to, or on behalf of, the person by any other person in relation to any action by, or on behalf of, the client arising from providing the credit service is payments made by a third party that has no existing relationship with the client.
 (13) A person is exempted if:
 (a) the person engages in credit activities mentioned in:
 (i) paragraph (c) of item 1 of the table in subsection 6(1) of the Act; or
 (ii) paragraph (c) of item 3 of the table in subsection 6(1) of the Act; or
 (iii) paragraph (b) of item 4 of the table in subsection 6(1) of the Act; or
 (iv) paragraph (b) of item 5 of the table in subsection 6(1) of the Act;