Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part II · Consumer Credit Commission
15. Actions and proceedings of Board not affected by vacancy, etc.
Feedback & supportThe Board may act notwithstanding any vacancy in its membership and its proceedings shall not be invalidated by—
Board
“Board” means the board of directors of the Commission referred to in section 9;
the absence of any member;
any defect afterwards discovered in the appointment or qualification of any member or the constitution of the Board;
any omission, defect or irregularity in the convening or conduct of a meeting; or
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credit
“credit” means any arrangement, agreement or facility as set out in subsection 5(2);
the presence or participation of a person who is not a member of the Board.
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;