ASIC accepts court enforceable undertaking from Northern Territory pawnbroker for unlicensed credit
ASIC has accepted a Court Enforceable Undertaking (CEU) from Northern Territory-based pawnbroking business Lend NT Pty Ltd and its sole director Laddawan Te Maro after investigating concerns Lend NT was engaging in unlicensed credit. Lend NT and Ms Te Maro admitted that Lend NT contravened sections 29 and 32 of the National Credit Act by …