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CO-OPERATIVE SCHEME LEGISLATION AMENDMENT ACT 1989 No. 92 of 1989 - SECT 48
Licensee to notify breach of licence condition
48. Section 52 of the Principal Act is amended by omitting subsections (1) and
(2) and substituting the following subsection:
"(1) Within one day after the happening of an event constituting a
contravention of a condition of a licence, the licensee shall give to the
Commission a written notice setting out particulars of the event.
Penalty: $5,000 or imprisonment for 1 year, or both.".
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