Debt Collectors (Field Agents and Collection Agents) Act 2014
sec.7Financial institutions and trustee companies
Start here
Get a plain-English read of sec.7
Turn the raw legal text into a practical explanation grounded in Debt Collectors (Field Agents and Collection Agents) Act 2014.
sec.7 Financial institutions and trustee companies
Part 3 does not apply to a financial institution or trustee company. In this section— trustee company means— a trustee company under the Trustee Companies Act 1968 ; or the public trustee when the public trustee is— performing the activities that may be performed by a trustee company; or exercising the powers that may be exercised by a trustee company; or holding an office that may be held by a trustee company. (sec.7-ssec.1) Part 3 does not apply to a financial institution or trustee company. (sec.7-ssec.2) In this section— trustee company means— a trustee company under the Trustee Companies Act 1968 ; or the public trustee when the public trustee is— performing the activities that may be performed by a trustee company; or exercising the powers that may be exercised by a trustee company; or holding an office that may be held by a trustee company.
- (a) a trustee company under the Trustee Companies Act 1968 ; or
- (b) the public trustee when the public trustee is— (i) performing the activities that may be performed by a trustee company; or (ii) exercising the powers that may be exercised by a trustee company; or (iii) holding an office that may be held by a trustee company.
- (i) performing the activities that may be performed by a trustee company; or
- (ii) exercising the powers that may be exercised by a trustee company; or
- (iii) holding an office that may be held by a trustee company.
- (i) performing the activities that may be performed by a trustee company; or
- (ii) exercising the powers that may be exercised by a trustee company; or
- (iii) holding an office that may be held by a trustee company.