Western Australian Consolidated Regulations

FINANCE BROKERS CONTROL (GENERAL) REGULATIONS 2005 - REG 5B

5B .         Exemption — Particular participants in the provision of a certain low interest loan (section 5(2))

        (1)         This exemption applies to the following not for profit entities —

            (a)         “Good Shepherd Youth and Family Service Inc.” (ABN 61 354 551 576);

            (b)         “Mercy Community Services Inc.” (ABN 96 487 116 582); and

            (c)         “WA Low Interest Loans Network Inc.” (Incorporated Association Number: A1013117E).

        (2)         An entity set out in subregulation (1) is exempted from complying with the requirements of the Act when it negotiates or arranges the provision of a low interest loan known as the “Low Interest Step Up Loan” in accordance with an agreement between the National Australia Bank and Good Shepherd Youth and Family Service Inc.

        [Regulation 5B inserted in Gazette 2 Feb 2007 p. 243‑4; amended in Gazette 20 Apr 2007 p. 1739.]