48Updating of application for licence

#### 48 Updating of application for licence 48 Updating of application for licence > > (1) If a change occurs in the information provided in or in connection with an application for a licence (including in any documents lodged with the application) before the application is granted or refused, the applicant must forthwith give the NICC written particulars of the change, verified by statutory declaration. > > > > Maximum penalty—20 penalty units. > > > (2) When particulars of the change are given, those particulars are then to be considered to have formed part of the original application, for the purposes of the operation of subsection (1) in relation to any further change in the information provided. > > > (3) This section does not apply to a change in information if the NICC has notified the applicant in writing that the NICC does not require particulars of any change in the information concerned or does not require particulars of the type of change concerned.