Duty of dealer to maintain dealings register
157 Duty of dealer to maintain dealings register
(1) Subject to subsection (2), a licensed dealer must keep and maintain a dealings register in the manner or form the Director considers appropriate:
(a) if the dealer carries on business at one place only – at that place; or
if the dealer has 2 or more places of business:
(i) at the dealer's principal place of business, in respect of that place and any other place of business which is within a radius of 20 km (or other distance for the time being prescribed) of that place; and
at each place of business not falling within subparagraph (i).
Maximum penalty: 200 penalty units.
(2) For 2 or more licensed dealers who carry on business in partnership, subsection (1) is complied with if the partners keep and maintain one dealings register at each place at which that subsection would require a register to be kept if all of the places at which members of the partnership carry on business were places of business of a sole licensed dealer.
(3) A dealings register remains the property of the Director, and must be returned to the Director if:
(a) the licence of the dealer by whom the register is kept or, as the case may be, of any of the partners by whom the register is kept, is revoked or suspended or expires without renewal; or
(b) the dealer by whom the register is kept ceases to carry on business as a dealer or, as the case may be, the partners by whom the register is kept cease to carry on the business of a dealer in partnership.
Maximum penalty: 20 penalty units.
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