217
CurrentCompliance with direction
Part 7Remedial powers
Division 3Associated persons, arrangements and agreements
217 Compliance with direction
(1)
The licensee and person subject to a direction under section
214(1) must terminate their association, arrangement or agreement within 28 days after the date of the direction or any longer period allowed by the Commission.
(2)
If the association, arrangement or agreement is not terminated within the period required under subsection (1), the Commission may suspend the licence until the association, arrangement or agreement is terminated or for another period determined by the Commission.
This Act’s bill:Explanatory statementSecond reading speech
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