Credit Bureau Act 2016 · 2020 Revised Edition · Part 5 · Approval of Approved Members
28. Holding out as approved member
Feedback & supportA person that is not an approved member of a licensed credit bureau must not hold itself out as such an approved member.
approved member
“approved member”, in relation to a licensed credit bureau, means a member of the licensed credit bureau that is —(a)deemed to be an approved member of the licensed credit bureau under section 29(1); or(b)approved by the Authority under section 29(6)(a);
Any person that contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $250,000 and, in the case of a continuing offence, to a further fine not exceeding $25,000 for every day or part of a day during which the offence continues after conviction.