Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part II · Consumer Credit Commission
7. Functions of Commission
Feedback & supportThe functions of the Commission shall be as follows:
Commission
“Commission” means the Consumer Credit Commission established under section 6;
to advise the Minister on all matters relating to consumer credit;
Minister
“Minister” means the Minister charged with the responsibility for finance;
to advise the Government on national policy involving consumer credit;
credit
“credit” means any arrangement, agreement or facility as set out in subsection 5(2);
to promote proper conduct among credit providers and credit service providers;
to promote the development of the consumer credit industry; and
to do such other things arising out of, or consequential to the functions of the Commission under this Act.
this Act
“this Act” includes any subsidiary legislation, standard or guidelines and notification made under this Act;