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 68   VARIATION AND REVOCATION OF AUTHORISATIONS AND SUB-AUTHORISATIONS  
Variation and revocation of authorisations

68(1)    
An authorisation under subsection 64(1) may be varied or revoked at any time by the licensee giving written notice to the credit representative.

Variation and revocation of sub-authorisations

68(2)   [ Varied or revoked by written notice from licensee or by body corporate]  

An authorisation under subsection 65(1) may be varied or revoked at any time by:

(a) the licensee in relation to whom the authorisation was given; or

(b) the body corporate that gave the authorisation;

giving written notice to the credit representative.

68(3)   [ Written notice under subsection 2 to be given to all parties with power to vary or revoke authorisation]  

If a person varies or revokes an authorisation under subsection (2), that person must give the other person who could have varied or revoked the authorisation written notice of the variation or revocation.