New South Wales Consolidated Acts New South Wales Consolidated ActsA person must notify a licensee within 7 days after the person becomes a disqualified person if the person is--
(a) employed by the licensee (except where the person's disqualification is on a ground that does not disqualify the person from eligibility to hold a certificate of registration), or
(b) 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.