Investor Presentaiton
No. 46 of 2012
[Rev. 2016]
(b)
Consumer Protection
does not define the total amount to be advanced to the borrower
under the agreement, although it may impose a credit limit;
"operator" means—
(a) a person who is a credit repairer or a loan broker; or
(b)
a supplier who supplies such goods or services as may be
prescribed or a person who holds himself out as a supplier of such
goods or services;
"optional service" means a service that is offered to a borrower in
connection with a credit agreement and that the borrower does not have to
accept in order to enter into the agreement;
"personal development services" means—
services provided for―
health, fitness, diet or matters of a similar nature;
modeling and talent, including photo shoots relating to
modeling and talent, or matters of a similar nature;
(a)
(i)
(ii)
(iii)
martial arts, sports, dance or similar activities;
such other services as may be prescribed; and
(b)
(iv)
facilities provided for or instruction on the services referred to in
clause (a) and any goods that are incidentally provided in addition
to the provision of the services;
"personal information" means information other than credit information
about a consumer's character, reputation, health, physical or personal
characteristics or mode of living or about any other matter concerning the
consumer;
"remote agreement” means a consumer agreement entered into when the
consumer and supplier are not present together;
"repairer" means a supplier who works on or repairs vehicles or other
prescribed goods;
"residual obligation lease" means a lease under which the lessor may
require the lessee at the end of the lease term to pay the lessor an amount
based in whole or in part on the difference, if any, between-
(a) the estimated wholesale value of the leased goods at the end of
the lease term; and
(b) the realizable value of the leased goods at the end of the lease
term;
"services" means anything other than goods, including any service, right,
entitlement or benefit;
"supplier" means a person who is in the business of selling, leasing or
trading in goods or services or is otherwise in the business of supplying goods or
services, and includes an agent of the supplier and a person who holds himself
out to be a supplier or an agent of the supplier;
"supplier credit agreement” means a consumer agreement, other than a
consumer agreement involving leases to which Part VIII applies, under which a
supplier or an associate of the supplier, extends fixed credit to a consumer to
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