Loan Fund Companies Act 1976
13Restrictions on use of certain descriptions
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13 Restrictions on use of certain descriptions
13 Restrictions on use of certain descriptions
A person other than a person mentioned in section 12 (1) (a) or (b) shall not:
(a) in the name, title or description under which that person is carrying on business, take or use or by reference adopt any words indicating or implying that that person is operating a loan fund scheme, or
(b) take or use, or have attached to or exhibited at any place, a name, title or description implying or tending to lead to the belief that that person is operating a loan fund scheme.
Maximum penalty: 10 penalty units and, in the case of a continuing offence, a further penalty not exceeding 1 penalty unit for each day during which the offence continues.
s 13: Am 1992 No 112, Sch 1.