NATIONAL CONSUMER CREDIT PROTECTION (FINTECH SANDBOX AUSTRALIAN CREDIT LICENCE EXEMPTION) REGULATIONS 2020 - REG 12 Exemption ceases if provider notifies ASIC

Commonwealth Consolidated Regulations

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NATIONAL CONSUMER CREDIT PROTECTION (FINTECH SANDBOX AUSTRALIAN CREDIT LICENCE EXEMPTION) REGULATIONS 2020 - REG 12

Exemption ceases if provider notifies ASIC

(1) The provider's exemption under section 6 ceases to apply for an eligible credit activity if the provider lodges with ASIC a written notice to that effect.

(2) The cancellation takes effect on the day specified in the notice, which must not be a day before the notice is lodged with ASIC.

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