New South Wales Consolidated Acts

HOME BUILDING ACT 1989 - SECT 105ZA

105ZA Notification to Authority of certain defaults in relation to licence holders

(1) A licence holder and a former licence holder must notify the Authority in writing of the occurrence of any of the following events or things referred to in the following provisions within 21 days after the event or thing happens (whether within or outside the State)--

(a) section 105L(3) (paragraphs (a), (e), (j) and (m) excepted),

(b) section 105L(4) (paragraphs (a), (c) and (k) excepted).

(2) A licence holder must notify the Authority in writing of--

(a) a decrease or proposed decrease in the issued capital of the licence holder within 21 days after the decrease or proposal to effect the decrease, and

(b) the receipt by the licence holder of any bidder's statement or target's statement within the meaning of the Corporations Act 2001 of the Commonwealth.

: Maximum penalty--100 penalty units.