s 62
In forceASIC may allow licence to continue in force
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 2Licensing of persons who engage in credit activities
Part 2-2Australian credit licences
Division 5Obligations of licensees
Subdivision AGeneral obligations
62 ASIC may allow licence to continue in force
(1)
If ASIC gives a written notice of suspension or cancellation to a licensee, ASIC may include terms in the notice specifying that the licence continues in force as though the suspension or cancellation had not happened for the purposes of specified provisions of this Act in relation to specified matters, a specified period, or both.
(2)
If ASIC includes terms in a notice under subsection (1), the licence continues in force in accordance with the terms of the notice.
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