sec.103Suitability of collection agents—corporations

sec.103 Suitability of collection agents—corporations

A corporation is suitable to perform a debt collection activity as authorised under part 2 , division 3 unless— the individual in charge of the corporation’s regulated business is not suitable to perform a debt collection activity under section 102 ; or an individual who is an executive officer of the corporation is not suitable to perform a debt collection activity under section 102 ; or the corporation has been convicted, in Queensland or elsewhere, within the preceding 5 years of a serious offence; or the corporation holds a licence that is suspended; or the corporation held a licence that was cancelled (the first licence ); or the corporation is disqualified from holding a licence or performing a debt collection activity as authorised under part 2 , division 3 . Subsection (1) (e) does not apply if the corporation is issued another licence after the cancellation of the first licence and the other licence has not also been cancelled. (sec.103-ssec.1) A corporation is suitable to perform a debt collection activity as authorised under part 2 , division 3 unless— the individual in charge of the corporation’s regulated business is not suitable to perform a debt collection activity under section 102 ; or an individual who is an executive officer of the corporation is not suitable to perform a debt collection activity under section 102 ; or the corporation has been convicted, in Queensland or elsewhere, within the preceding 5 years of a serious offence; or the corporation holds a licence that is suspended; or the corporation held a licence that was cancelled (the first licence ); or the corporation is disqualified from holding a licence or performing a debt collection activity as authorised under part 2 , division 3 . (sec.103-ssec.2) Subsection (1) (e) does not apply if the corporation is issued another licence after the cancellation of the first licence and the other licence has not also been cancelled.

• (a) the individual in charge of the corporation’s regulated business is not suitable to perform a debt collection activity under section 102 ; or
• (b) an individual who is an executive officer of the corporation is not suitable to perform a debt collection activity under section 102 ; or
• (c) the corporation has been convicted, in Queensland or elsewhere, within the preceding 5 years of a serious offence; or
• (d) the corporation holds a licence that is suspended; or
• (e) the corporation held a licence that was cancelled (the first licence ); or
• (f) the corporation is disqualified from holding a licence or performing a debt collection activity as authorised under part 2 , division 3 .