Document ID: chunk:federal_register_of_legislation:F2018C00825:body:0:p3
Version: federal_register_of_legislation:F2018C00825
Segment Type: other
Provision Reference: 
Character Range: 5056–7710

(c) the credits allocated under the facility can be used to make a payment or part payment for goods or services or to obtain some other benefit;
(d) the facility is not a component of another financial product.
makes non-cash payments has the meaning given by section 763D of the Act.
non-cash payment facility means a facility through which, or through the acquisition of which, a person makes non-cash payments.
offer has a meaning affected by subsection 1010C(2) of the Act.
       prepaid mobile facility means a non-cash payment facility in relation to which all of the following apply:
(a) the facility is part of an arrangement for the supply of a public mobile telecommunications service under which the service may be used to the extent it is covered by the amount (the prepaid amount) paid in advance which remains unused;
(b) the non-cash payments made under the facility are debited against the prepaid amount;
(c) the facility is not a component of another financial product.
public mobile telecommunications service has the meaning given by section 32 of the Telecommunications Act 1997.

       Part 2—Relief for non-cash payment facilities

6 Loyalty schemes
    Operation of a loyalty scheme
(1) A person does not have to comply with subsection 601ED(5) of the Act in relation to a loyalty scheme.
Declaration not to be a financial product
(2) A loyalty scheme is not a financial product for the purposes of Chapter 7 of the Act.

7 Road toll facilities
    A facility through which, or through the acquisition of which, a person makes a non-cash payment of a toll for the use of a road, but no other kind of non-cash payment, is not a financial product for the purposes of Chapter 7 of the Act.

8 Non-cash payment facilities used for third party payments
    A financial services licensee does not have to comply with subsection 911A(1) of the Act for the provision of a financial service if:
       (a) the financial service is provided in the ordinary course of the licensee's business; and
       (b) the financial service consists of either or both of the following:
(i)  advising a person in relation to an eligible non-cash payment facility that the person may use, or has used, to pay a person other than the licensee for goods or services;
(ii)  arranging for a person to deal (other than by way of issue) in an eligible non-cash payment facility that the person may use to pay a person other than the licensee for goods or services; and
       (c) the licensee is not the issuer of a non-cash payment facility; and
       (d) the licence held by the licensee does not cover the provision of a financial service referred to in