142Conditions of practising certificates

142 Conditions of practising certificates

142 Conditions of practising certificates

(1) The regulator may, by written notice to the holder of a practising certificate—

(a) impose conditions on the practising certificate, or

(b) vary or revoke a condition imposed by the regulator.

(2) It is a condition of a practising certificate that the holder of the certificate must, if required by the regulator by written notice, do the following within the time specified in the notice—

(a) provide specified information relating to the individual’s competency or other matters relating to the practising certificate,

(b) satisfy the regulator that the individual has a knowledge of law and ethics to the level necessary to hold the particular practising certificate,

(c) undertake and successfully complete specified training courses or other specified forms of training.

(2A) It is a condition of a practising certificate that the holder of the certificate must comply with the maintenance of competency requirements for the practising certificate, as notified by the regulator by order published in the Gazette.

(3) It is a condition of a practising certificate that the holder of the certificate must keep records that demonstrate the following—

(a) the individual’s eligibility to hold the certificate, including—

(i) evidence of the individual’s completion of courses or other training the individual is required to complete to be eligible for, or under a condition of, the practising certificate, and

(ii) time sheets relating to the individual’s undertaking of the courses or other training,

(b) the individual’s compliance with the maintenance of competency requirements for the practising certificate.

(4) The holder of a practising certificate must comply with the conditions imposed on the practising certificate.

Maximum penalty—

(a) for an individual—12.5 penalty units, or

(b) for a body corporate—60 penalty units.

(5) The regulator must, as soon as reasonably practicable after imposing a new condition or varying a condition of a practising certificate, issue the holder of the certificate with a replacement certificate.