Commonwealth Consolidated Acts

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BANKING ACT 1959 - SECT 38B

Meaning of non - ADI lender and Part IIB provision of finance

  (1)   A non - ADI lender is a registrable corporation (within the meaning of the Financial Sector (Collection of Data) Act 2001 ) that is engaged in the Part   IIB provision of finance.

  (2)   Part   IIB provision of finance means the provision of finance (within the meaning of the Financial Sector (Collection of Data) Act 2001 ), other than:

  (a)   the activities mentioned in paragraphs 32(1)(e), (f), (g) and (h) of that Act; and

  (b)   the provision of finance (within the meaning of that Act) outside Australia; and

  (c)   the entry into an arrangement that is a derivative (within the meaning of Chapter   7 of the Corporations Act 2001 ).



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