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Conveyancers Licensing Act 2003
154Failure to account
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154 Failure to account
154 Failure to account
(1) In this section—
failure to account for money in relation to a licensee has the same meaning as it has in section 92.
(2) A licensee who fails to account for money held by the licensee on behalf of another person is guilty of an offence.
Maximum penalty—1,000 penalty units for a corporation or 200 penalty units in any other case.