9
CurrentLiability
Schedule 5Financial and non-financial particulars for registers of interests
9 Liability
(1)
The particulars required for each liability, other than department store and credit card accounts, of a relevant person, trust or private company are—
(a)
the nature of the liability; and
(b)
the name of the creditor.
(2)
However, subsection (1) does not apply if the debt—
(a)
is for an amount of $10,000 or less; or
(b)
arises from the supply of goods or services supplied in the ordinary course of—
(i)
the relevant person’s business; or
(ii)
the business of the trust or private company.
(3)
In this section—
private company means a proprietary company in which a relevant person holds securities.
trust means a trust of which a relevant person is a beneficiary.
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