New South Wales Consolidated Acts
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PROPERTY, STOCK AND BUSINESS AGENTS ACT 2002 - SECT 39
Duty of licensee to notify defalcation
39 Duty of licensee to notify defalcation
(1) A licensee must notify the Director-General as soon as practicable after
becoming aware of any failure to account by the licensee. Maximum penalty: 50
penalty units.
(2) In this section:
"failure to account" has the same meaning as in Part 9 (Management and
receivership).
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