Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:28rb:p2
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 28RB (pt 2/4)
Character Range: 217404–220120

small business operated by the consumer (whether alone or with others);
 (iii) if any remaining credit is available under the credit contract—the consumer intends for all or part of the remaining credit to be applied genuinely for the purposes of a small business operated by the consumer (whether alone or with others); and
 (d) those purposes are not merely minor or incidental in relation to:
 (i) if subparagraph (c)(i) applies—the overall purposes of the credit contract; or
 (ii) if subparagraph (c)(ii) applies—the overall purposes of the increase mentioned in that subparagraph; or
 (iii) if subparagraph (c)(iii) applies—the overall purposes of the remaining credit mentioned in that subparagraph.

Licensees or exempt special purpose funding entities that are credit providers under credit contracts
 (3) For the purposes of paragraph 164(a) of the Act, a person that is a licensee or an exempt special purpose funding entity is exempted from Divisions 3 and 4 of Part 3‑2 of the Act in relation to conduct engaged in by the person on a day in relation to a consumer if:
 (a) the day occurs in the exemption period (see subregulation (7)); and
 (b) the conduct consists of:
 (i) entering into a credit contract with the consumer (see paragraphs 128(a) and 133(1)(a) of the Act); or
 (ii) making representations to the consumer in relation to entering into a credit contract with the consumer (see paragraph 128(aa) of the Act); or
 (iii) increasing the credit limit of a credit contract with the consumer (see paragraphs 128(b) and 133(1)(b) of the Act); or
 (iv) making representations to the consumer in relation to increasing the credit limit of a credit contract with the consumer (see paragraph 128(ba) of the Act); and
 (c) the credit to be provided, or intended to be provided, by the person to the consumer under:
 (i) the credit contract; or
 (ii) the increase to the credit limit of the credit contract;
  is genuinely for the purposes of a small business operated by the consumer (whether alone or with others); and
 (d) those purposes are not merely minor or incidental in relation to:
 (i) if subparagraph (c)(i) applies—the overall purposes of the credit contract; or
 (ii) if subparagraph (c)(ii) applies—the overall purposes of the increase mentioned in that subparagraph.

Licensees providing credit assistance in relation to applications for consumer leases
 (4) For the purposes of paragraph 164(a) of the Act, a person that is a licensee is exempted from Divisions 4 and 6 of Part 3‑3 of the Act (other than subsection 138(2) and sections 142 and 147 of the Act) in relation to conduct engaged in by the person on a day in relation to a consumer if:
 (a) the day occurs in the exemption