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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