Moneylenders Act 2008 · 2020 Revised Edition · Part 3 · Regulation of Business of Moneylending, Enforcement and Proceedings
45. General power to issue directions
Feedback & supportThe Registrar may issue directions, either of a general or specific nature, to any licensee or exempt moneylender for or in respect of every purpose which the Registrar considers necessary for carrying out the provisions of this Act.
Registrar
“Registrar” means the Registrar of Moneylenders appointed under section 4 and includes a Deputy Registrar of Moneylenders and an Assistant Registrar of Moneylenders appointed under that section;
Without limiting subsection (1), the Registrar may by such directions —
require any licensee or exempt moneylender to display or exhibit such cautionary statements as the Registrar thinks fit in a conspicuous position at or in every place of business for moneylending;
require any licensee or exempt moneylender to provide cautionary statements in writing to borrowers; or
set out the manner in which any licensee or exempt moneylender must conduct the business of moneylending.
Any licensee or exempt moneylender who fails or refuses to comply with any direction issued under subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000.
exempt moneylender
“exempt moneylender” means any moneylender who has been granted an exemption under section 91 or 92 from holding a licence;
To avoid doubt, any written direction issued under subsection (1) is deemed not to be subsidiary legislation.[26