98—Replacement licence document
(1) A licence holder
must notify the regulator as soon as practicable if the licence document is
lost, stolen or destroyed.
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) If a licence
document is lost, stolen or destroyed, the licence holder may apply to the
regulator for a replacement document.
Note—
A licence holder is required to keep the licence document available for
inspection (see regulation 94).
(3) An application for
a replacement licence document must be made in the manner and form required by
the regulator.
(4) The application
must—
(a)
include a declaration describing the circumstances in which the original
document was lost, stolen or destroyed; and
Note—
See section 268 of the Act for offences relating to the giving of false or
misleading information under the Act or these regulations.
(c) be
accompanied by the relevant fee.
(5) The regulator must
issue a replacement licence document if satisfied that the original document
was lost, stolen or destroyed.
(6) If the regulator
refuses to issue a replacement licence document, it must give the licence
holder written notice of this decision, including the reasons for the
decision, within 14 days after making the decision.
Note—
A decision to refuse to replace a licence is a reviewable decision (see
regulation 676).