25CModification—meaning of linked credit provider for regulation 23A

25C Modification—meaning of linked credit provider for regulation 23A

For the purposes of paragraph 110(1)(c) of the Act and regulation 23A, the definition of linked credit provider of a supplier in subsection 127(1) of the Code applies as if it were modified to provide that a linked credit provider of a supplier means a credit provider: (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 credit: (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, regularly refers persons for the purpose of obtaining credit; or (c) whose: (i) forms of contract; or (ii) forms of application; or (iii) offers for credit; are, by arrangement with the credit provider, 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; from the credit provider may be signed by persons at the premises of the supplier.