(1) A licence holder
must keep the licence document available for inspection under the Act.
Penalty for this subregulation:
(a) for
an individual, a fine of $1 450;
(b) for
a body corporate, a fine of $7 000.
(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.