Commonwealth Numbered Acts

LAW AND JUSTICE LEGISLATION AMENDMENT ACT 1991 No. 136 of 1991 - SECT 12

12. Section 11B of the Principal Act is amended by adding at the end the
following subsections:

"(5) Subject to subsection (6), while a person is acting as an agent of a
credit provider in performing, on behalf of the credit provider, a task that
is necessary:

   (a)  in processing an application for a loan; or

   (b)  in managing:

   (i)  a loan given by the credit provider; or

   (ii) an account maintained by any person with the credit provider; the
        first-mentioned person:

   (c)  is taken, for the purposes of this Act, to be another credit provider;
        and

   (d)  is subject to the same obligations under this Act as any other credit
        provider.

"(6) Nothing in this Act prevents such an agent of a credit provider
disclosing to the credit provider, in the agent's capacity as such an agent, a
report (within the meaning of subsection 18N(9)) to which section 18N applies.

"(7) The reference in subsection (5) to the management of a loan does not
include a reference to any act relating to the collection of payments that are
overdue in respect of the loan.".