s 133CN
In forceMeanings of eligible licensee and eligible credit reporting body
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 3Responsible lending conduct
Part 3-1Licensees that provide credit assistance in relation to credit contracts
Division 7Special rules for short‑term and small amount credit contracts
133CN Meanings of eligible licensee and eligible credit reporting body
(1)
A licensee is an eligible licensee, on 1 July 2021 or a later day, if on that day the licensee:
(a)
is a large ADI, or is a body corporate of a kind prescribed by the regulations; and
(b)
is a credit provider.
(2)
A credit reporting body is an eligible credit reporting body for a licensee if:
(a)
the following conditions are met:
(i)
an agreement of the kind referred to in paragraph 20Q(2)(a) of the Privacy Act 1988 between the body and the licensee was in force on 2 November 2017;
(ii)
the licensee is an eligible licensee on 1 July 2021; or
(b)
the conditions (if any) prescribed by the regulations are met.
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