(1)  A registration holder must keep the registration document available for inspection under the Act.

Penalty:  In the case of –

(a) an individual, a fine not exceeding $1 250; or

(b) a body corporate, a fine not exceeding $6 000.

(2)  Subregulation (1) does not apply if the registration document is not in the registration holder's possession because –

(a) it has been returned to the regulator under regulation 287 ; or

(b) the registered holder has applied for, but has not received, a replacement registration document under regulation 288 .