77
In forceSecretary required to be notified where no money held or received on behalf of another person
Part 6Records
Division 2Audit of licensee’s records
77 Secretary required to be notified where no money held or received on behalf of another person
(1)
A licensee who in the course of the audit period applicable to the licensee neither received nor held any money for or on behalf of any other person must, within the period of 3 months after that day, notify the Secretary, in the form approved by the Secretary, of that fact.
Maximum penalty—100 penalty units.
(2)
Without limiting the form of notice that may be approved under subsection (1), the form may be an electronic form accessible on a publicly available website.
This Act’s bill:Explanatory memorandumSecond reading speech
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