Annual returns
44 Annual returns
A person who is the holder of a CDS approval or a CDS supplier must in each year, before the date prescribed by regulation, give the
CEO an annual return in the approved form.
Maximum penalty: 20 penalty units.
An offence against subsection (1) is an offence of strict liability.
If the person does not comply with subsection (1), the CEO may, by written notice, require the person to remedy the default within
14 days after giving the notice.
If the person does not comply with the notice within the 14-day period, the person's CDS approval or registration is suspended until the notice is complied with.
If the person does not comply with the notice within 6 months after the notice is given, the person's CDS approval or registration is cancelled.
The CEO must give written notice of the suspension or cancellation to the person.
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