Commonwealth Consolidated Acts

NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 263

    A power conferred by this Part (other than sections   264, and 265) may only be exercised:

  (a)   for the purposes of the performance or exercise of any of ASIC's functions and powers under the Commonwealth credit legislation; or

  (b)   for the purposes of ensuring compliance with the Commonwealth credit legislation; or

  (c)   in relation to an alleged or suspected contravention of the credit legislation; or

  (d)   in relation to an alleged or suspected contravention of a law of the Commonwealth, or of a law of a referring State or a Territory, being a contravention that:

  (i)   concerns the management, conduct or affairs of a licensee, credit representative or other person who engages, or has engaged, in a credit activity; or

  (ii)   involves fraud or dishonesty and relates to a credit activity engaged in by a person, or a credit contract, mortgage, guarantee or consumer lease; or

  (e)   for the purposes of an investigation under Part   6 - 1.