New South Wales Consolidated Acts

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PROPERTY AND STOCK AGENTS ACT 2002 - SECT 39

Duty of licensee to notify defalcation

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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