Document ID: chunk:federal_register_of_legislation:C2025C00055:section:6:p14
Version: federal_register_of_legislation:C2025C00055
Segment Type: section
Provision Reference: s 6 (pt 14/17)
Character Range: 62223–65087

within the meaning of the Public Service Act 1999.
securitisation arrangement means an arrangement:
 (a) involving the funding, or proposed funding, of:
 (i) credit that has been, or is to be, provided by a credit provider; or
 (ii) the purchase of credit by a credit provider;
  by issuing instruments or entitlements to investors; and
 (b) under which payments to investors in respect of such instruments or entitlements are principally derived, directly or indirectly, from such credit.
securitisation related purpose of a credit provider in relation to an individual is the purpose of:
 (a) assessing the risk in purchasing, by means of a securitisation arrangement, credit that has been provided to, or applied for by:
 (i) the individual; or
 (ii) a person for whom the individual is, or is proposing to be, a guarantor; or
 (b) assessing the risk in undertaking credit enhancement in relation to credit:
 (i) that is, or is proposed to be, purchased or funded by means of a securitisation arrangement; and
 (ii) that has been provided to, or applied for by, the individual or a person for whom the individual is, or is proposing to be, a guarantor.
sensitive information means:
 (a) information or an opinion about an individual's:
 (i) racial or ethnic origin; or
 (ii) political opinions; or
 (iii) membership of a political association; or
 (iv) religious beliefs or affiliations; or
 (v) philosophical beliefs; or
 (vi) membership of a professional or trade association; or
 (vii) membership of a trade union; or
 (viii) sexual orientation or practices; or
 (ix) criminal record;
  that is also personal information; or
 (b) health information about an individual; or
 (c) genetic information about an individual that is not otherwise health information; or
 (d) biometric information that is to be used for the purpose of automated biometric verification or biometric identification; or
 (e) biometric templates.
serious credit infringement means:
 (a) an act done by an individual that involves fraudulently obtaining consumer credit, or attempting fraudulently to obtain consumer credit; or
 (b) an act done by an individual that involves fraudulently evading the individual's obligations in relation to consumer credit, or attempting fraudulently to evade those obligations; or
 (c) an act done by an individual if:
 (i) a reasonable person would consider that the act indicates an intention, on the part of the individual, to no longer comply with the individual's obligations in relation to consumer credit provided by a credit provider; and
 (ii) the provider has, after taking such steps as are reasonable in the circumstances, been unable to contact the individual about the act; and
 (iii) at least 6 months have passed since the provider last had contact with the individual.
small business has the meaning given by section 6D.
small business