(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; or
(b) in the case of a body corporate—$6 000.
Note Strict liability applies to each physical element of each offence under this regulation, unless otherwise stated (see s 6A).
(2) Subsection (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 section 512 (Licence-holder to return licence); and
(b) the licence-holder has applied for, but has not received, a replacement licence document under section 513 (Replacement licence document).