Commonwealth Consolidated Regulations

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NATIONAL CONSUMER CREDIT PROTECTION REGULATIONS 2010 - REG 11A

Obligations of licensees--cooperation with AFCA

  (1)   For the purposes of paragraph   47(1)(m) of the Act, a licensee must comply with the obligations in subregulation   (2).

  (2)   The licensee must take reasonable steps to cooperate with AFCA in resolving any complaint under the AFCA scheme to which the licensee is a party, including by:

  (a)   giving reasonable assistance to AFCA in resolving the complaint; and

  (b)   identifying, locating and providing to AFCA any documents and information that AFCA reasonably requires for the purposes of resolving the complaint; and

  (c)   giving effect to any determination made by AFCA in relation to the complaint.

  (3)   Subregulation (2) does not apply to superannuation complaints (within the meaning of the Corporations Act 2001 ).

Note:   For provisions relating to superannuation complaints, see Division   3 of Part   7.10A of the Corporations Act 2001 .



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