Debt Collection (Class Licence) Order 2023

Status:

Current version
as at 01 Feb 2025

No. S 725

Debt Collection Act 2022

Debt Collection
(Class Licence) Order 2023

In exercise of the powers conferred by section 14 of the Debt Collection Act 2022, the Minister for Home Affairs makes the following Order:

Citation and commencement

1. This Order is the Debt Collection (Class Licence) Order 2023 and comes into operation on 1 December 2023.

Definition

2. In this Order, “class licensee” means a person to whom a class licence by virtue of this Order applies, but does not include the person for the time the class licence is suspended or disapplied under the Act.

Class licence for persons carrying on regulated businesses

3. Unless exempt under section 43 of the Act, a person who —

(a)	carries on a regulated business; and
(b)	on or after 1 December 2023, carries out any debt collection activity to collect any debt that is owed to the person in the course of the regulated business,

is authorised by a class licence in connection with the carrying out of the debt collection activity.

Conditions of class licence

4. For the purposes of section 14(1)(b) of the Act, the conditions of the class licence are specified in the Schedule.

Made on 1 November 2023.

PANG KIN KEONG

Permanent Secretary,
Ministry of Home Affairs,
Singapore.

[112/2/122; AG/LEGIS/SL/73A/2020/2 Vol. 1]

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