(1) A reference in this Chapter to a hire of goods is a reference to an arrangement under which goods are or may be used at any time by a person other than the person hiring out the goods, unless the arrangement is excluded under section 153.
(2) For the purposes of this Chapter there are 2 kinds of hire of goods, namely—
(a) an equipment financing arrangement; and
(b) an ordinary (that is, any other) hire of goods.