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Debt Collectors (Field Agents and Collection Agents) Act 2014
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Debt Collectors (Field Agents and Collection Agents) Act 2014
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The chief executive must consider the application for restoration and may restore or refuse to restore the licence. The chief executive may restore the licence only if the chief executive is satisfied— the applicant is a suitable person to hold a licence and, if the applicant carries on, or intends to carry on, a regulated business with others, each person with whom the applicant carries on, or intends to carry on, the business, is a suitable person to hold a licence; and the applicant is eligible to hold the licence; and the application complies with section 57 . If the chief executive decides to refuse the application, the chief executive must give the applicant an information notice about the decision within 14 days after the decision is made. (sec.58-ssec.1) The chief executive must consider the application for restoration and may restore or refuse to restore the licence. (sec.58-ssec.2) The chief executive may restore the licence only if the chief executive is satisfied— the applicant is a suitable person to hold a licence and, if the applicant carries on, or intends to carry on, a regulated business with others, each person with whom the applicant carries on, or intends to carry on, the business, is a suitable person to hold a licence; and the applicant is eligible to hold the licence; and the application complies with section 57 . (sec.58-ssec.3) If the chief executive decides to refuse the application, the chief executive must give the applicant an information notice about the decision within 14 days after the decision is made.