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Status: In force
Version date: 1 June 2014 - onwards
    Version 1 of 1    

1.8 Transitional Arrangements (effective from 1 June 2014)

A person performing the specified function of providing debt management services on 1 August 2013 who does not hold a recognised qualification in respect of that specified function may, until 1 August 2017, perform the specified function of providing debt management services as if that person were a qualified person provided:

(a) the person is working towards obtaining a relevant recognised qualification. In this regard, the person must:

i) register for the first available sitting of the relevant examination which the person could reasonably be expected to sit, and should the person fail to pass the examination on that occasion, each available sitting thereafter until the person obtains the qualification;

ii) work towards obtaining examinations for the relevant qualification on a consistent and timely basis, until completion; and

iii) maintain a record of all examinations completed, results obtained and examinations scheduled for completion; and

(b) the person obtains a relevant recogn

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