Development of CR code by CR code developers
(1) The Commissioner may, in writing, request a CR code developer to develop a CR code and apply to the Commissioner for the code to be registered.
(a) specify the period within which the request must be complied with; and
(b) set out the effect of section 26L.
(a) must run for at least 120 days from the date the request is made; and
(b) may be extended by the Commissioner.
(a) specify one or more matters that the CR code must deal with; and
(b) specify the credit providers, or a class of credit providers, that should be bound by the code; and
(c) specify the other entities, or a class of other entities, subject to Part IIIA that should be bound by the code.
(5) The Commissioner must make a copy of the request publicly available as soon as practicable after the request is made.