Return of licence
28 Return of licence
A natural person who holds a licence and fails to deliver that licence to the Commission on demand being made by the Commission, commits an offence.
Penalty for this subregulation: a fine of $500.
Each of the partners of a partnership, or a body corporate, that holds a licence who or which fails to deliver that licence to the Commission on demand being made by the Commission commits an offence.
Penalty for this subregulation: a fine of $500.
A natural person who holds a licence and fails to deliver that licence to the Commission forthwith on receipt of a written notice of suspension or cancellation from the Commission, commits an offence.
Penalty for this subregulation: a fine of $2 000.
Each of the partners of a partnership, or a body corporate, that holds a licence who or which fails to deliver that licence to the Commission forthwith on receipt of a written notice from the Commission of suspension or cancellation of the licence of the partnership or body corporate commits an offence.
Penalty for this subregulation: a fine of $2 000.
[Regulation 28 amended: Gazette 24 Jun 1988 p. 2004; 10 Jul 1992 p. 3286 and 3289; 20 Sep 2002 p. 4700‑1; 30 Jan 2004 p. 404 and 412; SL 2025/35 r. 10.]
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