505—Licence document to be available
(1) A licence holder
must keep the licence document available for inspection under the Act.
Maximum penalty:
(a) In
the case of an individual—$1 250.
(b) In
the case of a body corporate—$6 000.
Expiation fee:
(a) In
the case of an individual—$144.
(b) In
the case of a body corporate—$720.
(2)
Subregulation (1) does not apply if the licence document is not in the
licence holder's possession because—
(a) it
has been returned to the regulator under regulation 512; and
(b) the
licence holder has applied for, but has not received, a replacement licence
document under regulation 513.