Security and Investigation Industry Act 1995

If the holder of a security agents licence or security industry trainers licence, or a director of a body corporate that is the holder of a security agents licence, is found guilty or convicted of an offence as prescribed by the regulations, the licence is cancelled and the licensee must, within 7 days of that finding, surrender the licence (if it has not already been surrendered) to the Commissioner.

A person who, without reasonable excuse, fails to surrender his or her licence in accordance with subsection (1) is guilty of an offence. Maximum penalty: Maximum penalty: $2 500.