Document ID: chunk:federal_register_of_legislation:F2020C00503:reg:5
Version: federal_register_of_legislation:F2020C00503
Segment Type: reg
Provision Reference: reg 5
Character Range: 3992–5203

5  Commission to hold an inquiry
 (1) Under subsection 95H(1) of the Act, the Commission is required to hold an inquiry into the market for the supply of home loans. The inquiry is not to extend to any of the following:
 (a) the supply of a good or service by a State or Territory authority;
 (b) the supply of a good or service that is an exempt supply;
 (c) the conduct of the Australian Prudential Regulation Authority or the Australian Securities and Investments Commission;
 (d) the conduct of a mortgage broker.
Note: The matters referred to in paragraphs (c) and (d) fall within scope of other inquiries.
 (2) For the purposes of subsection 95J(1), the inquiry is to be held in relation to goods and services of the following descriptions:
 (a) home loans supplied by authorised deposit‑taking institutions;
 (b) home loans supplied by Australian credit licensees;
 (c) home loans supplied by a person who would be covered by paragraph (a) or (b) apart from an exemption in force under the Banking Act 1959 or the National Consumer Credit Protection Act 2009.
 (3) Under subsection 95J(2), the inquiry is not to be held in relation to the supply of goods and services by a particular person or persons.