Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A licensee is an eligible licensee , on 1 July 2021 or a later day, if on that day the licensee:
(a) is a large ADI, or is a body corporate of a kind prescribed by the regulations; and
(b) is a credit provider.
(2) A credit reporting body is an eligible credit reporting body for a licensee if:
(a) the following conditions are met:
(i) an agreement of the kind referred to in paragraph 20Q(2)(a) of the Privacy Act 1988 between the body and the licensee was in force on 2 November 2017;
(ii) the licensee is an eligible licensee on 1 July 2021; or
(b) the conditions (if any) prescribed by the regulations are met.