98Offences relating to registration

98 Offences relating to registration

98 Offences relating to registration

(1) A registered person must not contravene a condition or restriction of the registration.

Maximum penalty—

(a) in the case of an individual—$50 000;

(b) in the case of a body corporate—$500 000.

(2) A registered person must ensure that the notice of registration, and any other document prescribed by the national regulations for the purposes of this section, is available for inspection—

(a) if the person is a body corporate—at the person’s registered office during ordinary business hours;

(b) if the person is not a body corporate—at the person’s principal place of business during ordinary business hours (or, if the Regulator approves another place and time, at that place and time).

Maximum penalty—

(a) in the case of an individual—$5 000;

(b) in the case of a body corporate—$25 000.

(3) A person who is required under subsection (2) to make available documents for inspection must maintain a register of those documents for inspection.

Maximum penalty—

(a) in the case of an individual—$5 000;

(b) in the case of a body corporate—$25 000.