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National Consumer Credit Protection (FinTech Sandbox Australian Credit Licence Exemption) Regulations 2020
12Exemption ceases if provider notifies ASIC
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12 Exemption ceases if provider notifies ASIC
(1) The provider’s exemption under section 6 ceases to apply for an eligible credit activity if the provider lodges with ASIC a written notice to that effect. (2) The cancellation takes effect on the day specified in the notice, which must not be a day before the notice is lodged with ASIC.