Commonwealth Consolidated Acts

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NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 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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