Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 January 2014 - onwards
  Version 2 of 2    

25. Levy on credit information providers

(1) The Bank may, with the consent of the Minister, make regulations prescribing a levy to be paid by credit information providers for the purpose of meeting expenses properly  incurred by the Bank in the performance of its functions under this Act (and not otherwise met).

(2) Regulations under subsection (1) may in particular provide for -

(a) the amount, or methods of calculating the amount, of the levy;

(b) the period for which, and the dates by which, the levy is to be paid;

(c) penalties payable by a credit information provider who does not pay the levy on time;

(d) the keeping of records, and the making of returns to the Bank, in relation to the levy by credit information providers;

(e) the payment, collection and recovery of the levy;

(f) refunds of the levy.

(3) Regulations under subsection (1) may make different provision in relation to different classes of credit information providers.

(4) The Bank may enter into arrangements with any person in relation to the collection of