115Registration holder to notify Secretary of certain events

115 Registration holder to notify Secretary of certain events

115 Registration holder to notify Secretary of certain events

(1) A registration holder must give the Secretary written notice of the following matters—

(a) a relevant authorisation held by the registration holder being suspended or cancelled, other than at the request of the registration holder,

(b) the registration holder, including, if the registration holder is a body corporate, a director of the body corporate—

(i) being found guilty of a relevant offence, or

(ii) having proceedings for a relevant offence instituted against the registration holder or director, or

(iii) being investigated in another Australian jurisdiction by a government agency or a body that issues a relevant authorisation in relation to—

(A) the carrying out of work authorised to be carried out under a relevant authorisation, or

(B) a failure to comply with a relevant authorisation, or

(iv) becoming bankrupt or making a composition, arrangement or assignment for the benefit of creditors, or

(v) becoming personally insolvent,

(c) the registration holder no longer being adequately insured in relation to registered work,

(d) if the registration holder is a body corporate—

(i) the body corporate becoming the subject of a winding-up order, or

(ii) a controller or administrator being appointed for the body corporate, or

(iii) a person becoming or ceasing to be a director or person involved in the management of the body corporate,

(e) a matter prescribed by the regulations.

(2) The notice must be given within 7 days after the registration holder—

(a) becomes aware of the matter, or

(b) if the registration holder ought to have been aware of the matter before that time—ought to have been aware of the matter.

Maximum penalty for subsection (2)—