(1) An accredited institution shall inform the Council in writing of management and organizational changes including a change —
(a) in the name and address of the accredited institution;
(b) in the structure of the accredited institution;
(c) of ownership of the accredited institution; and
(d) in staff that could affect the performance or competence of the accredited institution.
(2) If the accredited institution informs the Council under subsection (1), the accredited institution shall submit supporting documents or any other prescribed documents.
(3) An accredited institution that contravenes subsection (1) or (2) commits an offence and is liable on summary conviction to a fine not exceeding $10,000.