162Licence holder must give report to the Regulator

162 Licence holder must give report to the Regulator

(1) If a licence holder gives the Regulator a notification of an event under subsection 161(1), the licence holder must, before the end of 48 hours after the notification was given, give the Regulator a report of the event including: (a) further details of the event; and (b) details of the licence holder’s response to the event. (2) A report under subsection (1): (a) must be given in the manner and form that is: (i) approved by the Regulator; and (ii) published on the Regulator’s website; and (b) must be accompanied by any other information or documents required by the form. Offence (3) A person commits an offence of strict liability if: (a) the person holds a licence; and (b) the person gives the Regulator a notification in accordance with subsection 161(1); and (c) the person does not give the Regulator a report under subsection (1) of this section before the end of 48 hours after giving the notification.

Penalty: 50 penalty units.