Document ID: chunk:federal_register_of_legislation:C2021A00005:clause:1_133cn
Version: federal_register_of_legislation:C2021A00005
Segment Type: clause
Provision Reference: sch 1 cl 133CN
Character Range: 5867–6567

133CN  Meanings of eligible licensee and eligible credit reporting body
 (1) A licensee is an eligible licensee, on 1 July 2021 or a later day, if on that day the licensee:
 (a) is a large ADI, or is a body corporate of a kind prescribed by the regulations; and
 (b) is a credit provider.
 (2) A credit reporting body is an eligible credit reporting body for a licensee if:
 (a) the following conditions are met:
 (i) an agreement of the kind referred to in paragraph 20Q(2)(a) of the Privacy Act 1988 between the body and the licensee was in force on 2 November 2017;
 (ii) the licensee is an eligible licensee on 1 July 2021; or
 (b) the conditions (if any) prescribed by the regulations are met.