sec.17ERequirement to give commission information—revocation of deed of covenant and assurance

### sec.17E Requirement to give commission information—revocation of deed of covenant and assurance This section applies if a licensee includes a deed of covenant asset for working out the licensee’s net tangible assets, and either— a covenantor wishes to revoke the deed; or the licensee becomes aware that the covenantor is no longer eligible to be the covenantor under section 17C . The licensee must, as soon as practicable, give the commission an MFR report that does not include the deed of covenant asset for working out the licensee’s net tangible assets. Maximum penalty—20 penalty units. s 17E ins 2019 SL No. 30 s 23 (sec.17E-ssec.1) This section applies if a licensee includes a deed of covenant asset for working out the licensee’s net tangible assets, and either— a covenantor wishes to revoke the deed; or the licensee becomes aware that the covenantor is no longer eligible to be the covenantor under section 17C . (sec.17E-ssec.2) The licensee must, as soon as practicable, give the commission an MFR report that does not include the deed of covenant asset for working out the licensee’s net tangible assets. Maximum penalty—20 penalty units. - (a) a covenantor wishes to revoke the deed; or - (b) the licensee becomes aware that the covenantor is no longer eligible to be the covenantor under section 17C .