1 (1) In this legislation:
“licence” means a licence as defined in part hands down the Act, to take part in a designated activity known in area 2 of the legislation;
“representation” means a representation as defined in area 4 (1) for the Act.
(2) The definitions in part 1 and role 6.1 associated with the Act submit an application for the purposes of the legislation.
2 The company of payday lender is designated when it comes to purposes regarding the concept of “designated task” in area 142 regarding the Act.
Application of this Act and legislation
3 The provisions regarding the Act and also this regulation that apply to an online payday loan connect with each loan, whatever the true amount of loan providers active in the loan.
Application for a licence
4 (1) a job candidate for a licence must submit listed here to your manager:
(a) in the event that applicant is a company, the names and addresses of
(i) the officers that are senior as defined into the Business Corporations Act, for the organization, and
(ii) the useful people who own the stocks associated with the firm;