Section 285 — Competition and Consumer Act 2010: Liability of suppliers to linked credit providers, and of linked credit providers to suppliers

(1) If a linked credit provider and supplier are liable, under section 278, to a consumer who is a party to a linked credit contract: (a) if the liability relates to a supply of goods or services to which the linked credit contract relates—the supplier is liable to the credit provider for the amount of loss suffered by the credit provider, unless the supplier and credit provider otherwise agree; or (b) if the liability relates to the linked credit contract—the credit provider is liable to the supplier for the amount of loss suffered by the supplier, unless the supplier and credit provider otherwise agree. (2) The amount for which the supplier is liable under subsection (1)(a) of this section is an amount not exceeding the sum of the following amounts: (a) the maximum amount of the linked credit provider’s liability under section 281; (b) unless the court otherwise determines, the amount of costs (if any) reasonably incurred by the linked credit provider in defending the joint liability proceedings.