PRIVACY ACT 1988
(a) an organisation or small business operator (the securitisation entity ) carries on a business that is involved in either or both of the following:
(i) a securitisation arrangement;
(ii) managing credit that is the subject of a securitisation arrangement; and
(b) the securitisation entity performs a task that is reasonably necessary for:
(i) purchasing, funding or managing, or processing an application for, credit by means of a securitisation arrangement; or
(ii) undertaking credit enhancement in relation to credit; and
(c) the credit has been provided by, or is credit for which an application has been made to, a credit provider (the original credit provider );
then, while the securitisation entity performs such a task, the securitisation entity is a credit provider .6J(2)
Subsection (1) does not apply if the original credit provider is an organisation or small business operator that is a credit provider because of a previous application of that subsection. 6J(3)
If subsection (1) applies in relation to credit that has been provided by the original credit provider, the credit is taken, for the purposes of this Act, to have been provided by both the original credit provider and the securitisation entity. 6J(4)
If subsection (1) applies in relation to credit for which an application has been made to the original credit provider, the application is taken, for the purposes of this Act, to have been made to both the original credit provider and the securitisation entity.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.