Document ID: chunk:federal_register_of_legislation:C2025C00185:section:993c
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 993C
Character Range: 4154552–4155180

993C  Offence of failing to comply with requirements relating to client money account

Strict liability offence
 (1) A financial services licensee commits an offence if the licensee contravenes a requirement in regulations made for the purposes of section 981C.
 (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) a requirement in regulations made for the purposes of section 981C applies to the licensee; and
 (b) the licensee contravenes the requirement.