Document ID: chunk:federal_register_of_legislation:F2024C00975:reg:13:p2
Version: federal_register_of_legislation:F2024C00975
Segment Type: reg
Provision Reference: reg 13 (pt 2/2)
Character Range: 18575–20515

eligible credit activity covered by paragraph (f) will result, or be likely to result, in a benefit to the public that will outweigh the detriment to the public that will result, or be likely to result, from exempting that credit activity;
 (h) a justification of why each eligible credit activity covered by paragraph (f):
 (i) is new; or
 (ii) is a new adaptation, or new improvement, of another credit activity;
 (i) the name of any person (including any related body corporate of the provider), other than an employee or director:
 (i) of the provider; or
 (ii) of any related body corporate of the provider;
  whose role includes being responsible for making significant decisions about the ongoing engaging in of each eligible credit activity covered by paragraph (f), and a description of that role;
 (j) if the assumption were made that each eligible credit activity covered by paragraph (f) is covered by a licence—information for the purposes of ASIC making a decision about whether the requirement in section 37A of the Act (about the fit and proper person test) would be satisfied in relation to the provider and the licence;
 (k) a description of the procedures, memberships and arrangements by which the provider will meet the condition in section 16 (about dispute resolution and compensation) for each eligible credit activity covered by paragraph (f).
Note 1: The same notification may specify 2 eligible credit activities. If it does, each of them will be the subject of a separate exemption under section 6 (assuming the other eligibility criteria are satisfied).
Note 2: Paragraph (j) is relevant for decisions by ASIC under paragraph 8(1)(e).
Note 3: Since paragraph 6(b) requires the notification to be lodged with ASIC in the approved form, the notification must include any information, statements, explanations or other matters required by the form (see section 217 of the Act).

Part 5—Conditions for the exemption