Queensland Consolidated Regulations Queensland Consolidated RegulationsFor the purposes of section 10(3)(f) of the Code, the relevant terms and conditions of the mortgage are those set out in form 1.
Note--
Section 10 of the Code deems a goods lease with an option to purchase to be a sale of goods by instalments for the purposes of the Code. If the lease is a credit contract because of section 6(1) of the Code, a mortgage containing the terms and conditions set out in the regulations is taken by section 10(3)(f) of the Code to have been entered into between the person to whom the goods are hired and the supplier as security for payments to the supplier by the hirer.