s 158KB
In forceCircumstances in which a secondary representative is taken to be acting within actual or apparent authority
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 3Responsible lending conduct
Part 3-2BALicensees that are credit providers under credit contracts: additional rules relating to low cost credit contracts
Division 2Unsuitable low cost credit contracts
158KB Circumstances in which a secondary representative is taken to be acting within actual or apparent authority
(1)
This section applies if a person (the secondary representative) is authorised as a credit representative of a licensee by a credit representative that is a body corporate (the primary representative).
(2)
For the purposes of this Part, the secondary representative is taken to be acting within the scope of the secondary representative’s actual or apparent authority from the licensee if the secondary representative is acting within the actual or apparent scope of the authority given by the primary representative to engage in specified credit activities on behalf of the licensee.
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