Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:20:p2
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 20 (pt 2/6)
Character Range: 85884–88774

(f) the person engages in a credit activity while:
 (i) performing functions, or exercising powers, as a controlling trustee within the meaning of section 187 of the Bankruptcy Act 1966; or
 (ii) performing functions, or exercising powers, incidental to the person's appointment as a controlling trustee; or
 (fa) the person engages in a credit activity while:
 (i) performing functions, or exercising powers, as a trustee of a personal insolvency agreement under Part X of the Bankruptcy Act 1966; or
 (ii) performing functions, or exercising powers, incidental to the person's appointment as a trustee of a personal insolvency agreement; or
 (g) the person engages in a credit activity while:
 (i) performing functions, or exercising powers, as a trustee or person administering a compromise or arrangement between a body corporate and another person or person; or
 (ii) performing functions, or exercising powers, incidental to the person's appointment as a trustee or person of that kind; or
 (h) the person engages in a credit activity while performing functions, or exercising powers, as a personal representative of a deceased person other than a deceased licensee; or
 (i) subject to subregulation (4), the person engages in a credit activity while performing functions, or exercising powers, as a personal representative of a deceased licensee; or
 (j) the person engages in a credit activity while performing functions, or exercising powers, as a registered debt agreement administrator preparing and administering a debt agreement under Part IX of the Bankruptcy Act 1966; or
 (k) the person engages in a credit activity while:
 (i) performing functions, or exercising powers, as a registered trustee under Part X of the Bankruptcy Act 1966 in the ordinary course of activities as a registered trustee that is reasonably regarded as a necessary part of those activities; or
 (ii) performing functions, or exercising powers, incidental to the person's appointment as a registered trustee; or
 (l) the person engages in a credit activity while:
 (i) performing functions, or exercising powers, as a registered liquidator within the meaning of the Corporations Act 2001 in the ordinary course of activities as a registered liquidator that is reasonably regarded as a necessary part of those activities; or
 (ii) performing functions, or exercising powers, incidental to the person's appointment as a registered liquidator.
 (4) Paragraph (3)(i) only applies until the first of the following events occurs:
 (a) the end of 6 months after the death of the licensee;
 (b) the removal or discharge of the personal representative;
 (c) the final distribution of the licensee's estate.
 (5) A person is exempted if:
 (a) the person (the financial counselling agency) engages in a credit activity as part of the provision of a financial counselling service to a client; and
 (b) no benefit