Document ID: chunk:federal_register_of_legislation:C2024C00826:section:66
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 66
Character Range: 179203–179751

66  Credit representative of 2 or more licensees
 (1) One person can be the credit representative of 2 or more licensees, but only if:
 (a) each of those licensees has consented to the person also being the credit representative of each of the other licensees; or
 (b) each of the licensees is a related body corporate of each of the other licensees.
 (2) An authorisation:
 (a) is of no effect if it contravenes subsection (1) when it is given; and
 (b) ceases to have effect if and when it starts to contravene subsection (1) after it is given.