Administrator must notify the CEO of certain events
82 Administrator must notify the CEO of certain events
The administrator of an approved co‑regulatory arrangement must notify the CEO, in writing, as soon as practicable after any of the following events occur:
an event that hinders the ability of the arrangement to achieve its outcomes;
a liable party becomes, or ceases to be, a member of the arrangement;
an event prescribed by the rules.
A person contravenes this subsection if:
the person is required by subsection (1) to notify the CEO of an event; and
the person fails to comply with the requirement.
Strict liability offence
A person commits an offence of strict liability if the person contravenes subsection (2).
Penalty: 60 penalty units.
Civil penalty provision
A person is liable to a civil penalty if the person contravenes subsection (2).
Civil penalty: 250 penalty units.
This Act’s bill:Explanatory memorandumSecond reading speech
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