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NATIONAL CONSUMER CREDIT PROTECTION REGULATIONS 2010 - REG 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.


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