(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; 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) 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 s 94).
(4) An application for a replacement licence document must include a declaration describing the circumstances in which the original document was lost, stolen or destroyed.
Note 1 A fee may be determined under the title="A2011-35">Act
, s 278 for this provision.
Note 2 If a form is approved under the title="A2011-35">Act
, s 277 for this provision, the form must be used.
Note 3 It is an offence to make a false or misleading statement, give false or misleading information or produce a false or misleading document (see
title="A2002-51">Criminal Code, pt 3.4).
(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 s 676).