National Consumer Credit Protection Act 2009

CHAPTER 2 - LICENSING OF PERSONS WHO ENGAGE IN CREDIT ACTIVITIES  

PART 2-3 - CREDIT REPRESENTATIVES AND OTHER REPRESENTATIVES OF LICENSEES  

Division 2 - Authorisation of credit representatives  

SECTION 67   A PERSON CANNOT BE A CREDIT REPRESENTATIVE IN RELATION TO CREDIT ACTIVITIES AUTHORISED BY A PERSON'S LICENCE  

67(1)   [ Authorisation under subsection 64(1) or 65(1)]  

A person must not authorise another person to engage in a credit activity as a credit representative under subsection 64(1) or 65(1) if the other person holds a licence authorising the person to engage in the credit activity.

67(2)   [ When authorisation has no effect]  

An authorisation:

(a) is of no effect if it contravenes subsection (1) when it is given; and

(b) ceases to have effect if and when it starts to contravene subsection (1) after it is given.