45Employees and others required to notify disqualification

45 Employees and others required to notify disqualification

45 Employees and others required to notify disqualification

A person must notify a licensee within 7 days after the person becomes a disqualified person if the person is—

(a) employed by the licensee (except where the person’s disqualification is on a ground that does not disqualify the person from eligibility to hold a certificate of registration), or

(b) engaged by the licensee, other than as an employee of the licensee, to exercise regulated functions in the course of the business conducted by the licensee.

Maximum penalty—50 penalty units.

s 45: Am 2006 No 4, Sch 1 [10]. Subst 2016 No 60, Sch 1 [12].