Death of licensed dealer
144 Death of licensed dealer
If a licensed dealer dies, a person who is, or who is named as, or who intends to apply to become, a legal personal representative of the deceased dealer may, within 28 days after the death or a longer period allowed by the Director, apply to the Director to be allowed to carry on the deceased dealer's business as a dealer during:
the period that commences with the date of the death and ends
6 months later; or
the period that commences with the date of the death and ends immediately before the next anniversary of the date on which the licence was granted;
whichever is the longer.
The Director may grant or refuse an application under subsection (1) and, where the Director grants the application, may impose such conditions as the Director thinks fit, being conditions subject to which the business to which the application relates may be carried on.
A person authorised under this section to carry on the business of a deceased dealer shall, subject to this Part and any conditions imposed under subsection (2), be deemed to be, while so authorised, the holder of the deceased dealer's licence.
Where, under subsection (2), the Director imposes conditions subject to which a person is authorised to carry on the business to which a licence relates, the person shall, on being required by the
Director to do so within a specified time, produce the licence to the
Director within that time for endorsement of the conditions.
Maximum penalty: 500 penalty units.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.