MLR1PP5100 - Penalties Guidance: Disclosed non-compliance with registration requirements

This will apply in the following circumstances:

• A new business applies to register after it commenced trading
• An existing business did not re-register by the published date or any extended deadline but subsequently re-registers late
• A TCSP or ASP who was in business on 15 December 2007 did not register by the specified date, but registers late
• A business applies to re-register after cancellation of its registration because it did not pay a renewal fee, or for some other reasons and trades unsupervised during the period when it was not registered

These breaches will be identified when processing registration applications and our Registration Team will remain responsible for issuing appropriate letters and penalties. For further guidance on deciding the most appropriate action to take refer to the Step by Step guide on the registration penalty escalator MLR14800

Because the breach will normally have only been for a short period of time and will have been identified by disclosure, our MLR Policy Team may decide that there are extenuating circumstances, and a reduced penalty may be appropriate.