National Consumer Credit Protection Act. Australia

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      (a) to appear, or be represented, at a hearing before ASIC that takes place in private; and

      (b) to make submissions to ASIC on the matter.

      56 Suspension and cancellation — special procedures for APRA-regulated bodies

      Special procedures for APRA-regulated bodies (other than ADIs)

      1) If a licensee, or a related body corporate, is a body (the APRA body) regulated by APRA (other than an ADI), then the following provisions apply:

      a) ASIC cannot suspend or cancel the licensee’s licence if doing so would, in ASIC’s opinion, have the result of preventing the APRA body from being able to carry on all or any of its usual activities (being activities in relation to which APRA has regulatory or supervisory responsibilities), unless ASIC has first consulted APRA about the proposed action;

      b) if ASIC suspends or cancels the licensee’s licence and paragraph (a) does not apply to that action, ASIC must, within one week, inform APRA of the action that has been taken.

      Special procedures for ADIs

      2) If:

      a) a licensee is an ADI; or

      b) a related body corporate of a licensee is an ADI, and cancellation or suspension of the licensee’s licence would, in ASIC’s opinion, have the result of preventing the ADI from being able to carry on all or any of its banking business (within the meaning of the Banking Act 1959);

      then the following provisions have effect:

      (c) subject to paragraph (d), the powers that ASIC would otherwise have under this Division to cancel or suspend the licensee’s licence, or to revoke a suspension to which this subsection applied, are instead powers of the Minister;

      (d) the procedures for the exercise of a power to which paragraph (c) applies are the same as would apply if ASIC could exercise the power, except that the Minister must not exercise the power unless he or she has first considered advice from ASIC on the proposed action, being advice given after ASIC has consulted APRA about the proposed action;

      (e) ASIC (rather than the Minister) must still conduct any hearing required under paragraph 55(4)(a) and receive any submissions under paragraph 55(4)(b).

      Subdivision B — Variations

      57 Varying licences

      ASIC may vary a person’s licence to take account of a change in the person’s name.

      Note: The conditions on the licence can be varied under section 45.

      Subdivision C — Miscellaneous rules about suspensions, cancellations and variations

      58 Effect of suspension

      (1) A suspended licence has no effect while it remains suspended.

      (2) Subsection (1) has effect subject to section 62 (which deals with the continued effect of some suspended or cancelled licences).

      59 Revocation of suspension

      ASIC may at any time revoke the suspension of a licence.

      60 Date of effect, notice and publication of variation, cancellation or suspension etc.

      (1) ASIC must give a licensee written notice of a variation, suspension, revocation of a suspension, or cancellation of the licensee’s licence.

      (2) A variation, suspension, revocation of a suspension, or cancellation of a licence comes into force when the written notice of that action is given to the licensee.

      (3) As soon as practicable after the notice is given to the licensee, ASIC must publish a notice of the action on ASIC’s website. The notice must state when the action took effect.

      61 Statement of reasons

      A notice of suspension or cancellation given to a licensee must be accompanied by a statement of reasons for the action taken.

      62 ASIC may allow licence to continue in force

      (1) If ASIC gives a written notice of suspension or cancellation to a licensee, ASIC may include terms in the notice specifying that the licence continues in force as though the suspension or cancellation had not happened for the purposes of specified provisions of this Act in relation to specified matters, a specified period, or both.

      (2) If ASIC includes terms in a notice under subsection (1), the licence continues in force in accordance with the terms of the notice.

      Part 2–3—Credit representatives and other representatives of licensees

      Division 1—Introduction

      63 Guide to this Part

      This Part is about credit representatives of licensees (which are a particular type of representative of licensees). A person who is authorised as a credit representative of a licensee does not need to hold an Australian credit licence when engaging in credit activities on behalf of the licensee.

      This Part also deals with information that ASIC may give to licensees about their representatives (such as their employees, directors and credit representatives, and persons who act on their behalf), and the liability of licensees for their representatives.

      Division 2 deals with how a credit representative may be authorised to engage in credit activities on behalf of a licensee. It also deals with certain obligations of licensees in relation to the authorisation of their credit representatives.

      Division 3 deals with information about representatives that ASIC may give to a licensee and the use of that information.

      Division 4 deals with the liability of licensees for the conduct of their representatives.

      Division 2—Authorisation of credit representatives

      64 Licensee may authorise credit representatives

      Authorisation of credit representative by licensee

      1) A licensee may give a person a written notice authorising the person to engage in specified credit activities on behalf of the licensee.

      2) A person who is authorised under subsection (1) is a credit representative of the relevant licensee.

      3) The credit activities specified may be some or all of the credit activities authorised by the licensee’s licence.

      When authorisation is of no effect

      4) The authorisation:

      a) is of no effect if subsection (5) applies to it when it is given; and

      b) ceases to have effect if and when subsection (5) starts to apply to it after it is given;

      to the extent that СКАЧАТЬ