National Consumer Credit Protection Act 2009

CHAPTER 5 - ADMINISTRATION  

PART 5-5 - OTHER ADMINISTRATIVE MATTERS  

Division 2 - Other administrative matters  

SECTION 242   ASIC MAY ARRANGE FOR USE OF COMPUTER PROGRAMS TO MAKE DECISIONS  

242(1)   [ Computer programs]  

ASIC may arrange for the use, under ASIC ' s control, of computer programs for any purposes for which ASIC may make decisions under this Act.

242(2)   [ Decisions made by computers are decisions of ASIC]  

A decision made by the operation of a computer program under an arrangement made under subsection (1) is taken to be a decision made by ASIC.