Clause 20

Section 4(1)(b) does not apply in relation to any application for a licence that is made before the date of commencement of section 4(1)(b), and section 5(5)(c) of the Moneylenders Act as in force immediately before that date continues to apply in relation to such an application as if section 4(1)(b) had not been enacted.

Section 5(b) does not apply in relation to any application made before the date of commencement of section 5(b) for the renewal of a licence that expires within the period of 30 days after that date, and section 6(4)(c) of the Moneylenders Act as in force immediately before that date continues to apply to such an application as if section 5(b) had not been enacted.

Section 9(1) does not apply in relation to any application for approval of a place of business for moneylending that is made before the date of commencement of section 9(1), and section 10(3)(c) of the Moneylenders Act as in force immediately before that date continues to apply in relation to such an application as if section 9(1) had not been enacted.

Despite section 15, section 23 of the Moneylenders Act as in force immediately before the date of commencement of section 15 continues to apply in relation to a loan or any contract for a loan granted or entered into by a licensee before that date, as if section 15 had not been enacted.

Section 24(1) and (2) of the Moneylenders Act as in force immediately before the date of commencement of section 16(a) and (b), respectively, of the Moneylenders (Amendment) Act 2018 continues to apply to a licensee in respect of any accounts, note of contract for a loan or other document required to be kept or caused to be kept by a licensee before that date.

Section 17 does not impose any duty on any auditor in relation to a financial year that ends on or before the date of commencement of section 17, or a financial year in which that date falls.

For a period of 2 years after the date of commencement of any provision of this Act, the Minister may, by regulations, prescribe such additional provisions of a saving or transitional nature consequent on the enactment of that provision as the Minister may consider necessary or expedient.