Document ID: chunk:federal_register_of_legislation:C2023A00111:clause:3_100s
Version: federal_register_of_legislation:C2023A00111
Segment Type: clause
Provision Reference: sch 3 cl 100S
Character Range: 74916–75459

100S  Obligation to notify the ACCC of trust account and appoint an auditor
 (1) Within 3 months of the first day on which the obligation for an eligible water markets intermediary to maintain a trust account in accordance with this Division arises, the eligible water markets intermediary must:
 (a) appoint an auditor; and
 (b) notify the ACCC that the eligible water markets intermediary is maintaining a trust account.
 (2) A person is liable to a civil penalty if the person contravenes subsection (1).
Civil penalty: 600 penalty units.