Victorian Consolidated Legislation

Consumer Credit (Victoria) Act 1995 - SECT 37A

Definitions

37A. Definitions

In this Part-

client means a person who appoints a finance broker to negotiate consumer
credit on their behalf for a fee;

consumer credit means-

   (a)  a credit contract within the meaning of the Consumer Credit (Victoria)
        Code; or

   (b)  a consumer lease to which Part 10 of the Consumer Credit (Victoria)
        Code applies;

credit application fee means any fee charged by-

   (a)  a credit provider in respect of an application for the provision of
        credit under a credit contract within the meaning of the Consumer
        Credit (Victoria) Code; or

   (b)  a lessor in respect of an application to enter into a consumer lease
        to which Part 10 of the Consumer Credit (Victoria) Code applies;

engage in finance broking means-

   (a)  to negotiate consumer credit for a fee; or

   (b)  to hold oneself out to the public as being prepared, for a fee, to
        negotiate consumer credit;

fee includes a charge, commission, reward or other remuneration, whether
monetary or otherwise;

finance broker means a person who engages in finance broking;

negotiate consumer credit means to negotiate, or to act as intermediary to
obtain, consumer credit for persons other than an employer or principal
(except where that principal is the client) of the person so negotiating or
acting;

valuation fee means any fee for a valuation obtained in respect of any
security to be offered for any proposed credit contract within the meaning of
the Consumer Credit (Victoria) Code.