Victorian Numbered Acts

FAIR TRADING AND OTHER ACTS AMENDMENT ACT 2009 (NO. 19 OF 2009) - SECT 24

s. 24

After section 5 of the Consumer Credit (Victoria) and Other Acts Amendment Act 2008 insert —

        ' 5A     New section 12A inserted

After section 12 of the Consumer Credit (Victoria) Act 1995 insert —

        " 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.".'.