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

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Home/Legislation/Property and Stock Agents Act 2002/39

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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

(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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