Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part X · General Provisions
135. Transitional
Feedback & supportAny person who, on the date appointed under subsection 1(2), is carrying on a credit business or credit service business to which the requirement for a licence or registration under this Act applies shall, within six months from such date, apply for a licence or registration under this Act.
person
“person” includes an individual, any sole proprietorship, corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;
Pending the decision on an application by a person referred to in subsection (1), such person may continue to carry on such business subject to any conditions as may be specified by the Commission or Registrar, as the case may be.
Commission
“Commission” means the Consumer Credit Commission established under section 6;
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credit
“credit” means any arrangement, agreement or facility as set out in subsection 5(2);