National Consumer Credit Protection Act 2009

CHAPTER 3 - RESPONSIBLE LENDING CONDUCT  

PART 3-2CA - LICENSEES SUPPLYING CREDIT INFORMATION TO CREDIT REPORTING BODIES ETC.  

Division 1 - Introduction  

SECTION 133CN   MEANINGS OF ELIGIBLE LICENSEE AND ELIGIBLE CREDIT REPORTING BODY  

133CN(1)    
A licensee is an eligible licensee , on 1 July 2021 or a later day, if on that day the licensee:

(a)    is a large ADI, or is a body corporate of a kind prescribed by the regulations; and

(b)    is a credit provider.

133CN(2)    
A credit reporting body is an eligible credit reporting body for a licensee if:

(a)    the following conditions are met:

(i) ) an agreement of the kind referred to in paragraph 20Q(2)(a) of the Privacy Act 1988 between the body and the licensee was in force on 2 November 2017;

(ii) the licensee is an eligible licensee on 1 July 2021; or

(b)    the conditions (if any) prescribed by the regulations are met.