New South Wales Consolidated Acts

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PROPERTY AND STOCK AGENTS ACT 2002 - SECT 44

Duty of licensee to notify disqualification of employees and others

44 Duty of licensee to notify disqualification of employees and others

A licensee must notify the Secretary in writing within 7 days after becoming aware that any of the following persons has become a disqualified person--

(a) a person employed by the licensee (other than a person whose disqualification is on a ground that does not disqualify the person from eligibility to hold a certificate of registration),
(b) a person engaged by the licensee, other than as an employee of the licensee, to exercise regulated functions in the course of the business conducted by the licensee.
: Maximum penalty--50 penalty units.


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