42Share register

42 Share register

(1) A licensee shall, not later than 10 business days after the licence is granted, furnish to the Board a copy of the register of members of the licensee required to be kept under: (a) the Corporations Act 2001; or (b) subsection (2). (2) If a licensee is not required by the Corporations Act 2001 to keep a register of its members, the licensee shall keep a register in which it shall enter the matters that it would be required to enter in a register of members if the licensee were a company as defined by the Corporations Act 2001. (3) A licensee shall, not later than 10 business days after any change to a matter entered in a register referred to in subsection (1), notify the Board in writing of the change. (5) If a licensee fails to comply with subsection (1) or (3), the licensee and any officer of the licensee who is in any way, by act or omission, directly or indirectly, knowingly concerned in or party to the failure are each guilty of an offence punishable on conviction: (a) in the case of the licensee—by a fine not exceeding $2,500; or (b) in the case of an officer of the licensee—by a fine not exceeding $500.