Section 2
Interpretation
ActIn forceProvision 2 of 8
Section 2
(1)
In this Act —
“Authority” means the Autoriti Monetari Brunei Darussalam established by the Autoriti Monetari Brunei Darussalam Order,
2010 (S 103/2010);
“moneylenders” means any person who habitually lends money at interest:
Provided that this expression shall not include the Government or a bank licensed under section 4 or 23 of the Banking Order,
2006 (S 45/2006), a finance company licensed under section 6 of the Finance Companies Act (Chapter 89) or a licensee within the meaning of the International Banking Order, 2000 (S 53/2000).
[S 53/2000; S 45/2006; S 103/2010]
(2)
A person who is proved to have lent money at interest on one occasion shall, until the contrary be proved, is deemed to have habitually lent money at interest.