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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