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3. Outline the offence a licensee would commit and the penalty they would be liable for if the discrepancies were not addressed? Refer to the

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3. Outline the offence a licensee would commit and the penalty they would be liable for if the discrepancies were not addressed? Refer to the correct sections of the Property and Stock Agents Act 2002 (NSW) and Regulations 2014 (NSW) and Trust account legislation and offences file. (100 - 120 words)

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