Victorian Consolidated Legislation

Consumer Credit (Victoria) Act 1995 - SECT 24

Annual statement

24. Annual statement



(1) At any time in the 6 weeks before each anniversary of the day on which a
registered credit provider was registered or is deemed to have been
registered, the registered credit provider must lodge an annual statement with
the Authority in a form approved by the Authority.

(2) If an annual fee is payable under section 23, the annual statement must be
lodged together with that annual fee.

(2A) A statement under this section must contain any information and be
accompanied by any documents required by the Authority.

(3) On the application of a credit provider or other person, the Registrar
may, in his or her discretion, extend or further extend the time within which
that credit provider or person is required under this section to lodge a
statement.

(4) Where a credit provider or other person has failed to lodge a statement in
accordance with subsection (1) or (2), the Registrar must give notice in
writing to the credit provider or other person to the effect that unless the
credit provider or other person lodges the statement within 14 days, or such
longer period as the Registrar determines, after the notice is given, the
registration will be cancelled.

(5) If the credit provider fails to lodge a statement within the time
specified in a notice under subsection (4), the registration of the credit
provider is automatically cancelled.