Victorian Numbered Acts

AUSTRALIAN CONSUMER LAW AND FAIR TRADING ACT 2012 (NO. 21 OF 2012) - SECT 53

A prohibited person must not knowingly purchase, or accept an assignment of, a consumer debt from a creditor for the purpose of collecting that debt.

Penalty:     240 penalty units or 2 years imprisonment, in the case of a natural person;

1200 penalty units, in the case of a body corporate.

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