Credit Review Act 2026

Prescribed fee

28. (1) The Minister shall prescribe the fee to be paid to the Service by a borrower in respect of an application for review and different fees may be prescribed for different classes of application.

(2) An application for review shall be accompanied by such fee as may be prescribed under subsection (1).

(3) The Service may recover as a simple contract debt in any court of competent jurisdiction, from a person by whom the fee is payable, any amount due and owing to the Service in respect of a fee payable under this section.

(4) Notwithstanding subsection (2), the Service may waive the requirement to pay a fee under this section in respect of an application for review where, in the opinion of the Service, payment of the fee would be unfair to the borrower having regard to—

(a) other applications for review made by a borrower in the year preceding the application for review, or

(b) any other criteria that may be specified by the Service.

(5) In making regulations under this section, the Minister may have regard to—

(a) the costs incurred by the Service, or

(b) the costs which it is reasonably anticipated will be incurred by the Service,

in performing its functions under this Act, so that so much of those costs as the Minister considers appropriate may be recovered from fees prescribed by such regulations.