ASIC Corporations and Credit (Transition to AFCA) Instrument 2018/814 (Cth)

ASIC Corporations and Credit (Transition to AFCA) Instrument 2018/814

About this compilation

Compilation No. 1

This is a compilation of ASIC Corporations and Credit (Transition to AFCA) Instrument 2018/814 as in force on 21 September 2018 It includes any commenced amendment affecting the legislative instrument to that date.

This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information about amending instruments and the amendment history of each amended provision.

Contents

Part 1—Preliminary 1 Name of legislative instrument 3 Authority 4 Definitions Part 2—Declaration 5 Notice of AFCA membership—financial services licensees 6 Notice of AFCA membership—credit licensees 7 Notice of AFCA membership—unlicensed carried over instrument lenders 8 Notice of AFCA membership—credit representatives 8A Credit representative authorisations—AFCA membership 9 Application Endnotes Endnote 1—Instrument history Endnote 2—Amendment history

Part 1—Preliminary

1 Name of legislative instrument This is the ASIC Corporations and Credit (Transition to AFCA) Instrument 2018/814.

3 Authority This instrument is made under: (a) subsection 109(3) of the National Consumer Credit Protection Act 2009; and (b) subsection 926A(2) of the Corporations Act 2001.

4 Definitions In this instrument: Corporations Act means the Corporations Act 2001. credit representative has the same meaning as in subsection 5(1) of the NCCP Act. financial services licensee has the same meaning as in section 761A of the Corporations Act. licensee has the same meaning as in subsection 5(1) of the NCCP Act. NCCP Act means the National Consumer Credit Protection Act 2009. unlicensed carried over instrument lender has the same meaning as in subsection 5(1) of the NCCP Act as modified by item 2.4 of Schedule 2 to the National Consumer Credit Protection Regulations 2010.