Credit Bureau Act 2016 · 2020 Revised Edition · Part 2 · Licensing of Credit Bureaus
9. Holding out as licensed credit bureau
Feedback & supportA person that is not a licensed credit bureau must not hold itself out as a licensed credit bureau.
licensed credit bureau
“licensed credit bureau” means a credit bureau that is for the time being licensed;
Any person that contravenes this section shall be guilty of an offence and shall be liable on conviction —
in the case of an individual, to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $12,500 for every day or part of a day during which the offence continues after conviction; or
in any other case, 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.