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Reply: 2.1.1.1.1.2.3.1 From: Mike . Hi Susan, I got a reply from Jeff from both these e-mail addresses: [email protected] [email protected] ........................................................... Hi Mike, Ok, the situation over here is that to be a wrapper in WA you have to get...

Reply: 2.1.1.1.1.1.1.1 From: Mike . Hi Susan, Could you clarify a few things, please: 1) Did you have to explain what a wrap is to MFT? I find it hard to believe that they know what a wrap is when many solicitors DON'T. 2) Did they quote the relevant sections of the Credit...

Reply: 1.1.1.2.1.1.1 From: Mike . Hi Folks, There are 3 paragraphs causing the confusion. So let's take them one at a time. 1) Section 6 (1) of the Credit (Administration) Act 1984 states; "Subject to this Act, a person shall not carry on a business of providing credit unless the person...

Reply: 1.1.1 From: Mike . Hi Susan, My interpretation of that legalese is that wrapping is considered a form of vendor finance which apparently is not covered under their consumer credit legislation. Therefore, no licence required. Having said that perhaps wrapping is not a form of vendor...

Reply: 1 From: Mike . Hi Susan, I enquired with WA Ministry of Fair Trading a while back. This is their reply: Thank you for your Email transmission of December 22, 2000 regarding "wrapping or vendor finance". Section 6 (1) of the Credit (Administration) Act 1984 states; "Subject to this...