s 32
In forceProhibition on charging a fee etc
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 1Introduction
Part 1-3Application of this Act and the Transitional Act
Division 2Constitutional basis and application of this Act and the Transitional Act
32 Prohibition on charging a fee etc
Prohibition on charging a fee etc.
(1)
A person must not demand, receive or accept any fee, charge or other amount from a consumer for engaging in a credit activity if, by engaging in that credit activity, the person contravenes, or would contravene, section 29 (which deals with the requirement to be licensed).
Civil penalty: 5,000 penalty units.
Offence
(2)
A person commits an offence if:
(a)
the person is subject to a requirement under subsection (1); and
(b)
the person engages in conduct; and
(c)
the conduct contravenes the requirement.
Criminal penalty: 1 year imprisonment.
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