186NReturn of certificate of registration

186N  Return of certificate of registration

Surrender of registration as a debt agreement administrator

 (1) A person commits an offence if:

 (a) the person has been given a certificate of registration under subsection 186D(3); and

 (b) the person gives a notice under subsection 186J(2) surrendering the person’s registration as a debt agreement administrator; and

 (c) the person does not return the certificate of registration to the Inspector‑General before the end of the period of 7 days beginning on the day the Inspector‑General accepts the notice.

Note: A defendant bears an evidential burden in relation to the matter in subsection (2) (see subsection 13.3(3) of the Criminal Code).

Cancellation of an individual’s registration as a debt agreement administrator

 (3) An individual commits an offence if:

 (a) the individual has been given a certificate of registration under subsection 186D(3); and

 (b) the individual’s registration as a debt agreement administrator is cancelled under section 186K; and

 (c) the individual does not return the certificate of registration to the Inspector‑General before the end of the period of 7 days beginning on the day the individual is given a notice under subsection 186K(5) in relation to the cancellation.

 (4) Subsection (3) does not apply if the individual has a reasonable excuse.

Note: A defendant bears an evidential burden in relation to the matter in subsection (4) (see subsection 13.3(3) of the Criminal Code).

Cancellation of a company’s registration as a debt agreement administrator

 (5) A company commits an offence if:

 (a) the company has been given a certificate of registration under subsection 186D(3); and

 (b) the company’s registration as a debt agreement administrator is cancelled under section 186L; and

 (c) the company does not return the certificate of registration to the Inspector‑General before the end of the period of 7 days beginning on the day the company is given a notice under subsection 186L(5) in relation to the cancellation.

 (6) Subsection (5) does not apply if the company has a reasonable excuse.

Note: A defendant bears an evidential burden in relation to the matter in subsection (6) (see subsection 13.3(3) of the Criminal Code).

Cancellation by court order of registration as a debt agreement administrator

 (6A) A person commits an offence if:

 (a) the person has been given a certificate of registration under subsection 186D(3); and

 (b) the person’s registration as a debt agreement administrator is cancelled as a result of an order under section 185ZCA; and