28RExemption—intermediary’s requirement to provide proposal disclosure document

#### 28R Exemption—intermediary’s requirement to provide proposal disclosure document (1) For paragraph 164(a) of the Act, a person mentioned in subregulation 28Q(1) is exempted from a requirement in section 121 and 144 of the Act in the circumstances set out in this regulation. (2) The exemption applies if: (a) the consumer is not liable to pay to the person any fees or charges in relation to the credit contract or consumer lease; and (b) at the time, or as soon as practicable after, the person gives credit assistance the person tells the consumer, in writing, that no fees or charges will be payable. (3) If the credit contract is a credit card contract, the consumer must be given information about: (a) any indirect remuneration that the person is likely to receive, directly or indirectly, from credit providers in relation to credit contracts for which the person has provided credit assistance; and (b) the maximum amount of indirect remuneration payable by the consumer on entering into the contract; and (c) if any additional indirect remuneration is payable during the life of the contract—a statement that additional indirect remuneration is payable, and either: (i) a reasonable estimate of the amount of the additional indirect remuneration; or (ii) if the amount of additional indirect remuneration depends on the consumer’s use of the credit card—information about how the indirect remuneration is worked out. (4) If the contract is not a credit card contract, the consumer must be given a reasonable estimate of the total amount of any indirect remuneration that the person is likely to receive in relation to the credit contract or consumer lease, and the method used for working out that amount. (5) The information mentioned in subregulations (3) and (4) must be given, in writing, no more than 15 business days before the day the person would have been required to provide the consumer with a proposal disclosure document.