[43B Financial penalties in relation to bodies corporate]

[43B  Financial penalties in relation to bodies corporate]

[(1)     The registrar may refer to the Professional Conduct Committee for investigation information in his possession which indicates that there may be grounds for imposing a financial penalty under this section.

(2)     For the purposes of this section, a “relevant requirement” means a requirement for a body corporate to—

(a)     provide information under subsection (2), (3) or (4) of section 43A;

(b)     provide such information in the form and manner specified in any rules under subsection (6) of that section; or

(c)     pay any fee in accordance with regulations under subsection (7) of that section.

(3)     The Professional Conduct Committee may impose a financial penalty under this section if they are satisfied that a body corporate failed to comply with a relevant requirement.

(4)     In such a

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