Victorian Consolidated Legislation

Consumer Credit (Victoria) Act 1995 - SECT 12A

Registered credit provider to be member of approved EDR scheme

12A. Registered credit provider to be member of approved EDR scheme

A registered credit provider must not carry on business as a credit provider
unless the registered credit provider is a member of an approved EDR scheme.
Penalty: 120 penalty units, in the case of a natural person; 600 penalty
units, in the case of a body corporate.