Document ID: chunk:federal_register_of_legislation:C2024C00826:section:213
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 213
Character Range: 544130–545447

213  Credit registers

ASIC must establish and maintain credit registers
 (1) ASIC must establish and maintain one or more registers (the credit registers) relating to credit activities.

How credit registers are to be maintained
 (2) The regulations may prescribe the way in which the credit registers must be established or maintained, including the details that ASIC must enter in the credit registers in relation to the following persons:
 (a) licensees;
 (b) persons registered to engage in credit activities under the Transitional Act;
 (c) credit representatives of licensees or persons registered to engage in credit activities under the Transitional Act;
 (d) persons against whom a banning order or disqualification order is made under Part 2‑4;
 (e) persons who are banned from engaging in a credit activity under a law of a State or Territory;
 (f) any other persons prescribed by the regulations.
 (3) Without limiting subsection (2), the credit registers:
 (a) may be maintained in an electronic form; and
 (b) may be maintained as part of, or together with, any register in relation to financial services maintained under section 922A of the Corporations Act 2001.

Credit register is not a legislative instrument
 (4) A credit register established under this section is not a legislative instrument.