Identification for associated person
153V Identification for associated person
Before the holder of an access authority allows an associated person of the holder to act under the authority, the holder must issue the associated person written identification complying with subsection (2).
Maximum penalty—10 penalty units.
The identification must—
state the names of the holder and the associated person; and
state the capacity in which the associated person is an associated person of the holder; and
be signed by the holder and the associated person; and
state the date the identification expires.
Subsection (4) applies if—
a person who is an associated person of the holder of an access authority is issued identification under subsection (1); and
the person stops being an associated person of the holder.
The person must return the person’s identification to the holder as soon as practicable, but within 21 days, after the person stops being an associated person of the holder, unless the person has a reasonable excuse.
Maximum penalty for subsection (4)—10 penalty units.
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