Singapore legislation

Section 83

of Moneylenders Act 2008

Section 83

Powers of auditor appointed by Registrar

Amended by7/20187/2018

(1)

An auditor appointed by the Registrar under section 82(3) may, for the purpose of carrying out an examination or audit —

(a)

examine, on oath or affirmation, any officer or employee of the designated credit bureau, or any other auditor of the designated credit bureau appointed under section 82 or under the Companies Act 1967;

(b)

require any officer or employee of the designated credit bureau, or any other auditor of the designated credit bureau appointed under section 82 or under the Companies Act 1967, to produce any book held by or on behalf of the designated credit bureau relating to its business under this Part;

(c)

make copies of or take extracts from, or retain possession of, any book mentioned in paragraph (b) for such period as may be necessary to enable it to be inspected;

(d)

employ such persons as the auditor considers necessary to assist the auditor in carrying out the examination or audit; and

(e)

authorise in writing any person employed by the auditor to do, in relation to the examination or audit, any act or thing that the auditor could do as an auditor under this subsection, other than the examination of a person on oath or affirmation.

Amended by7/2018

(2)

Any individual who, without reasonable excuse —

(a)

fails to answer any question put to that individual; or

(b)

fails to comply with any request made to that individual,by an auditor appointed under section 82(3) or a person authorised under subsection (1)(e) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $12,500 or to imprisonment for a term not exceeding 12 months or to both.[30ZE

Amended by7/2018