Document ID: chunk:federal_register_of_legislation:C2024A00121:section:25
Version: federal_register_of_legislation:C2024A00121
Segment Type: section
Provision Reference: s 25
Character Range: 36602–38242

25  Registered person must notify Regulator of events relevant to fit and proper person test
  Within 28 days after any of the following events occurs in relation to a registered person, the person must give the Regulator notice in writing of the event:
 (a) the person is convicted of any of the following:
 (i) an offence against a law of the Commonwealth, a State or a Territory involving fraud or dishonesty;
 (ii) an offence against a law of the Commonwealth, a State or a Territory that relates to the conduct of a business;
 (iii) an offence against section 136.1, 137.1 or 137.2 of the Criminal Code;
 (iv) an offence against a law of a foreign country that corresponds to a law mentioned in subparagraph (i), (ii) or (iii);
 (b) the person is convicted of an offence against or ordered to pay a pecuniary penalty under:
 (i) a climate change law; or
 (ii) the Crimes Act 1914 or the Criminal Code, to the extent that it relates to a climate change law;
 (c) the person is convicted of an offence against, or ordered to pay a pecuniary penalty under:
 (i) the Environment Protection and Biodiversity Conservation Act 1999 (or a legislative instrument under that Act); or
 (ii) the Nature Repair Act 2023 (or a legislative instrument under that Act); or
 (iii) an environmental or planning law of a State or Territory.
Note: Nothing in this section affects the operation of Part VIIC of the Crimes Act 1914 (which includes provisions that, in certain circumstances, relieve persons from the requirement to disclose spent convictions and require persons aware of such convictions to disregard them).
Civil penalty: 40 penalty units.