CTHIn ForceAct
National Consumer Credit Protection Act 2009
53BObligation to notify ASIC if licensee does not engage in credit activities
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53B Obligation to notify ASIC if licensee does not engage in credit activities
Requirement to notify ASIC if licensee does not engage in credit activities
(1) If a licensee does not engage in the credit activities authorised by the licence before the end of 6 months after the licence is granted, the licensee must lodge a notification with ASIC:
(a) in the approved form; and
(b) before the end of 15 business days after the end of the 6 months.
(a) the person is subject to a requirement under subsection (1) to lodge a notification with ASIC; and