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National Consumer Credit Protection Act 2009
48Requirements for compensation arrangements
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48 Requirements for compensation arrangements
Subdivision B—Providing information and assistance to ASIC
49 Obligation to provide a statement or obtain an audit report if directed by ASIC
50 Obligation to give ASIC information required by the regulations
50A What are reportable situations?
50B Obligation to lodge a report—reportable situations in relation to the licensee
50C Obligation to lodge a report—reportable situations in relation to other licensees
50D ASIC must publish details of certain reports
51 Obligation to provide ASIC with assistance if reasonably requested
Subdivision C—Notifying and remediating consumers affected by reportable situations
51A Reporting to consumers affected by a reportable situation
51B Obligation to investigate reportable situations that may affect consumers
51C Obligation to keep records of compliance
52 Obligation to cite Australian credit licence number
53 Obligation to lodge annual compliance certificate
53A Obligation to notify ASIC of change in control
53B Obligation to notify ASIC if licensee does not engage in credit activities
53C Knowledge and recklessness
Division 6—When a licence can be suspended, cancelled or varied
Subdivision A—Suspensions and cancellations
54 Suspension or cancellation without hearing
55 Suspension or cancellation after offering a hearing
56 Suspension and cancellation—special procedures for APRA‑regulated bodies
Subdivision B—Variations