106When registered party must apply for appointment of party agent

106 When registered party must apply for appointment of party agent

(1)  A registered party must, before 30 days after the later of the following days:

(a) the day on which this section commences;

(b) the day on which the registered party becomes a registered party –

make an application under section 107(1) for the appointment of a natural person to be the party agent in relation to the party.

(2)  A registered party must, before 30 days after –

(a) a person ceases under section 108(1) to be the appointed party agent in relation to a party; or

(b) the Commission refuses under section 107(4)(b) to appoint a person to be the appointed party agent in relation to a party –

make an application under section 107(1) for the appointment of a natural person to be the party agent in relation to the party.

(3)  If a party fails to comply with subsection (1) or (2)  –

(a) the party is guilty of an offence and liable to a penalty not exceeding 50 penalty units; and

(b) each person who, at the time at which the failure occurred, was a senior office holder of the party is guilty of an offence and liable to a penalty not exceeding 50 penalty units.