s 242
In forceASIC may arrange for use of computer programs to make decisions
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 3Responsible lending conduct
Part 3-5AMortgage brokers and mortgage intermediaries
Division 2Best interests obligations
Subdivision BCredit representatives that provide credit assistance in relation to credit contracts
242 ASIC may arrange for use of computer programs to make decisions
(1)
ASIC may arrange for the use, under ASIC’s control, of computer programs for any purposes for which ASIC may make decisions under this Act.
(2)
A decision made by the operation of a computer program under an arrangement made under subsection (1) is taken to be a decision made by ASIC.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.