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Section 39 - Property and Stock Agents Act 2002 - Duty of licensee to notify defalcation — Zoe

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Property and Stock Agents Act 2002

39Duty of licensee to notify defalcation

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#### 39 Duty of licensee to notify defalcation 39 Duty of licensee to notify defalcation > > (1) A licensee must notify the Secretary as soon as practicable after becoming aware of any failure to account by the licensee. > > > > Maximum penalty—50 penalty units. > > > (2) In this section— > > > > failure to account has the same meaning as in Part 9 (Management and receivership).

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