27ACredit guide of credit representatives—to include further information

#### 27A Credit guide of credit representatives—to include further information (1) This regulation is made for paragraph 158(2)(i) of the Act (credit guide of credit representatives). Indirect remuneration paid to third parties (2) The credit representative’s credit guide must state if indirect remuneration is likely to be paid by the credit representative to a third party for the introduction of credit business or business proposed to be financed by the credit contract or consumer lease and, if indirect remuneration is likely to be paid, include the following: (a) information about the classes of persons to whom such indirect remuneration may be payable; (b) a statement that the consumer may, on request, obtain a reasonable estimate of the amount of indirect remuneration and how it is worked out. Information about credit providers or lessors (3) The credit representative’s credit guide must give the following information: (a) if there are 6 or fewer credit providers or lessors that the credit representative conducts business with when providing credit assistance in relation to credit contracts or consumer leases—the names of the credit providers or lessors; (b) if there are more than 6 credit providers or lessors that the credit representative conducts business with when providing credit assistance in relation to credit contracts or consumer leases—the names of the 6 credit providers or lessors with whom the credit representative reasonably believes it conducts the most business. Volume bonus arrangements (4) The credit representative’s credit guide must include the following information for each credit provider, lessor or other person with whom the credit representative has a volume bonus arrangement: (a) a statement that there is a volume bonus arrangement in place with the credit provider, lessor or other person; (b) a statement that the credit representative may receive additional indirect remuneration depending on the total volume of business that the credit representative arranges with the credit provider, lessor or other person; (c) the person by whom the indirect remuneration is payable; (d) the person to whom the indirect remuneration is payable. (5) However, the information in subregulations (3) and (4) is not required to be given if the credit representative’s credit guide is combined in a single document with the licensee’s credit guide.