12Persons exempt from being registered — debt collectors

12 Persons exempt from being registered — debt collectors

(1) For paragraph 42 (a) of Schedule 2 to the Act, this regulation exempts certain persons engaging in a credit activity from:

Note Item 4 of Schedule 2 to the Act provides that a person must not engage in a credit activity during a specified period unless the person is registered or holds a licence authorising the person to engage in the credit activity.

Note: Item 6 of Schedule 2 to the Act provides that a person must not engage in a credit activity during a specified period unless the person is:

Note If the person also engages in a credit activity that is not the subject of an exemption under the Act, the person is not exempted in relation to that credit activity.

(a) the person engages in a credit activity mentioned in:

(i) paragraph (c) of item 1 of the table in subsection 6 (1) of the National Credit Act, on behalf of a credit provider who is a licensee, registered person or exempt special purpose funding entity; or

(ii) paragraph (c) of item 3 of the table in subsection 6 (1) of that Act, on behalf of the lessor who is a licensee, registered person or exempt special purpose funding entity; or

(iii) paragraph (b) of item 4 of the table in subsection 6 (1) of that Act, on behalf of a mortgagee who is a licensee, registered person or exempt special purpose funding entity; or

(iv) paragraph (b) of item 5 of the table in subsection 6 (1) of that Act, on behalf of the other person who is a licensee, registered person or exempt special purpose funding entity; and

(b) the person only performs the obligations, or exercises the rights, mentioned in those paragraphs in relation to:

(i) demanding and receiving payments from:

(A) borrowers or guarantors under credit contracts; or

(B) lessees under consumer leases; and

(ii) enforcing rights in relation to taking possession of:

(A) property secured by a mortgage; or

(B) goods hired under a consumer lease; and

(c) either:

(i) the person:

(A) holds a licence or authorisation to engage in an activity mentioned in paragraph (a) under one or more of the Acts mentioned in subregulation (5); or

(B) is authorised to act on behalf of a person holding a licence or authorisation of a kind mentioned in subparagraph (i); or

(ii) the person:

(A) is not required to hold a licence or authorisation, or be authorised to act on behalf of a person who holds a licence or authorisation, to engage in an activity mentioned in paragraph (a) in a State or Territory; and

(B) the person is not prohibited from engaging in an activity mentioned in paragraph (a) by an order of a court or a law of the State or Territory; and

(d) the person is authorised in writing by a registered person or a licensee to engage in an activity mentioned in paragraph (a).

(4) The person is exempted for 12 calendar months starting on the day on which these Regulations commence.

(5) For subparagraph (3) (c) (i), the Acts are the following:

(a) the Commercial Agents and Private Inquiry Agents Act 2004 (NSW);

(b) the Private Agents Act 1966 (Vic);

(c) the Property Agents and Motor Dealers Act 2000 (Qld);

(d) the Debt Collectors Licensing Act 1964 (WA);

(e) the Security and Investigation Agents Act 1995 (SA);

(f) the Security and Investigations Agents Act 2002 (Tas);

(g) the Commercial and Private Agents Licensing Act (NT).