(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.
Note for subregulation (1)
Strict liability applies to each physical element of this offence. See section 12B of the Act.
(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 97; or
(b) the licence holder has applied for, but has not received, a replacement licence document under regulation 98.