Exemption on application
35.—(1)  The Minister may, upon the application of any person and the payment of such fees as may be prescribed, issue a certificate to exempt, with or without conditions, any person from all or any of the provisions of this Act.
(2)  Every exemption under subsection (1) —
(a)may in the first instance be valid for a period of 3 years or less from the date of the granting thereof;
(b)may, upon payment of the prescribed fee, be extended thereafter, with or without additional conditions, for further periods not exceeding 3 years at a time; and
(c)need not be published in the Gazette.
(3)  Any person who desires to apply for or extend an exemption shall submit an application to the Registrar in such form and manner, and shall furnish the Registrar with such information, as the Registrar may require.
(4)  Any person who has been granted an exemption under this section and desires to apply to the Minister to vary or revoke any of the existing conditions of his exemption shall —
(a)submit an application to the Registrar in such form and manner, and furnish the Registrar with such information, as the Registrar may require; and
(b)pay such fee as may be prescribed for the making of the application.
(5)  The Minister may prescribe different fees in respect of different classes or descriptions of persons for the purposes of this section.
(6)  An application for the extension of an exemption shall be made not later than one month before the expiry of the exemption.
(7)  Any moneylender who makes an application for the extension of an exemption after the time limited under subsection (6) shall pay a late extension fee not exceeding $50 for every day or part thereof that the application for extension is late, subject to a maximum of $1,500.
(8)  The Minister may at any time revoke, whether wholly or in part, any exemption granted to a person under subsection (1) by giving the person a notice of revocation in writing.
(9)  Without prejudice to the generality of subsection (8), the Minister may at any time revoke, whether wholly or in part, any exemption —
(a)for the contravention of any condition of the exemption or any provision of this Act; or
(b)if he is satisfied that it is in the public interest to do so.
(10)  Any revocation, whether wholly or in part, of an exemption or a condition of exemption under this section, and any amendment of a condition of exemption under this section, shall not affect any moneylending transaction entered into before the date of the revocation or amendment, as the case may be.