CTHIn ForceLegislation
National Consumer Credit Protection Regulations 2010
25BModification—meaning of linked credit provider or linked lessor for regulation 23
Start here
Get a plain-English read of 25B
Turn the raw legal text into a practical explanation grounded in National Consumer Credit Protection Regulations 2010.
#### 25B Modification—meaning of linked credit provider or linked lessor for regulation 23
For the purposes of paragraph 110(1)(c) of the Act and regulation 23, the definition of linked credit provider of a supplier in subsection 127 of the Code applies as if it were modified to provide that a linked credit provider or a linked lessor of a supplier means a credit provider or lessor:
(a) with whom the supplier has a contract, arrangement or understanding relating to:
(i) the supply to the supplier of goods in which the supplier deals; or
(ii) the business of supplying goods or services carried on by the supplier; or
(iii) the provision of a credit contract or consumer lease:
(A) to persons to whom goods or services are supplied by the supplier; and
(B) for payment for the goods or services; or
(b) to whom the supplier, by arrangement with the credit provider or lessor, regularly refers persons for the purpose of obtaining credit or being provided with a consumer lease; or
(c) whose:
(i) forms of contract; or
(ii) forms of application; or
(iii) offers for credit; or
(iv) offers to be provided with a consumer lease;
are, by arrangement with the credit provider or lessor, made available to persons by the supplier; or
(d) with whom the supplier has a contract, arrangement or understanding under which:
(i) contracts; or
(ii) applications; or
(iii) offers for credit; or
(iv) offers to be provided with a consumer lease;
from the credit provider or lessor may be signed by persons at the premises of the supplier.