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NATIONAL CONSUMER CREDIT PROTECTION (TRANSITIONAL AND CONSEQUENTIAL PROVISIONS) ACT 2009 (NO. 135, 2009) - SCHEDULE 3

Consequential amendments

   

Australian Securities and Investments Commission Act 2001

1  At the end of subsection 12A(1)

Add:

                    ; (i)  the National Consumer Credit Protection Act 2009 ;

                      (j)  the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 .

Corporations Act 2001

2  Section 913C

Before "ASIC", insert "(1)".

3  At the end of section 913C

Add:

             (2)  If:

                     (a)  a person is granted an Australian financial services licence; and

                     (b)  the person holds an Australian credit licence (within the meaning of the National Consumer Credit Protection Act 2009 );

the licence number that ASIC gives to the Australian financial services licence held by that person must be the same number as the person's Australian credit licence number (within the meaning of that Act).


 

 [ Minister's second reading speech made in--

House of Representatives on 25 June 2009

Senate on 7 September 2009 ]

(146/09)

 



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