Document ID: chunk:federal_register_of_legislation:C2025C00185:section:993b
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 993B
Character Range: 4153727–4154552

993B  Offence of failing to pay client money into an account as required

Strict liability offence
 (1) A financial services licensee commits an offence if:
 (a) the licensee is required by subsection 981B(1) to pay particular money into an account in accordance with that subsection; and
 (b) the licensee does not pay the money into an account in accordance with that subsection.
 (2) An offence based on subsection (1) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.

Ordinary offence
 (3) A financial services licensee commits an offence if:
 (a) the licensee is required by subsection 981B(1) to pay particular money into an account in accordance with that subsection; and
 (b) the licensee does not pay the money into an account in accordance with that subsection.