Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:7a
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 7A
Character Range: 47810–48489

7A  When licence may be granted—continuous credit activity
  For paragraph 37(1)(e) of the Act, a requirement in relation to a person who:
 (a) is a credit provider, lessor, mortgagee or beneficiary of a guarantee in relation to a carried over instrument immediately before 1 July 2010; and
 (b) intends to engage in a credit activity in relation to the carried over instrument on or after 1 July 2010; and
 (c) intends to engage in a credit activity otherwise than in relation to the carried over instrument on or after 1 July 2010;
is that the person must apply under section 36 of the Act for a licence to engage in the credit activities mentioned in paragraphs (b) and (c).