5. Licensing of debt collectors
(1) After the expiration of 3 months after the coming into operation of this Act a person shall not ¾
(a) exercise or carry on;
(b) advertise, notify or state that he carries on or is willing to exercise or carry on; or
(c) in any way hold himself out to the public as ready to exercise or carry on,
the business or any of the functions of a debt collector, unless he is the holder of a licence under this Act.
(2) A person who contravenes or fails to comply with any of the provisions of subsection (1) is guilty of an offence.
Penalty: For an individual, $200.
For a body corporate, $400.
[Section 5 amended by No. 113 of 1965 s. 8; No. 50 of 2003 s. 55(2).]