(1) A licence holder must keep the licence document available for inspection under the Act.
(a) In the case of an individual--$1 250.
(b) In the case of a body corporate--$6 000.
Note: Section 12F of the Act provides that strict liability applies to each physical element of each offence under the Act, unless otherwise stated. The reference in section 12F of the Act includes these Regulations.
(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.