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Section : 6J Securitisation arrangements etc.
Domain : Human Resource Management
Classification : Not Identified
Text Content
- (1) If:
- (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 ); Compilation date: 11/12/2024