Queensland Consolidated Acts

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DEBT COLLECTORS (FIELD AGENTS AND COLLECTION AGENTS) ACT 2014 - SECT 130

Variation and withdrawal of undertakings

130 Variation and withdrawal of undertakings

(1) If the chief executive accepts the undertaking, it may be varied or withdrawn at any time by—
(a) the person who gave it, but only if the chief executive agrees to the variation or withdrawal; or
(b) the chief executive, if the chief executive reasonably believes—
(i) that, before it was accepted, the person who gave it contravened this Act, a prescribed conduct provision or PAMDA, in a way unknown to the chief executive; and
(ii) had the chief executive known about the contravention, the chief executive would not have accepted the undertaking or would not have accepted it unless its terms were changed.
(2) The chief executive may also withdraw the undertaking if the chief executive reasonably believes it is no longer necessary.
(3) If the chief executive varies or withdraws, or agrees to the variation or withdrawal of, the undertaking, the chief executive must give the person written notice of its variation or withdrawal.
(4) The variation or withdrawal takes effect when written notice of the variation or withdrawal is received by the person.



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