Recording change of conditions
128 Recording change of conditions
A licensed supplier who receives an information notice under section 127(2) must return the supplier’s licence to the commissioner within 14 days after receiving the notice, unless the licensed supplier has a reasonable excuse.Maximum penalty—40 penalty units.
On receiving the licence, the commissioner must—
amend the licence in an appropriate way and return the amended licence to the licensed supplier; or
if the commissioner does not consider it is practical to amend the licence—issue another supplier’s licence, incorporating the changed conditions, to the licensed supplier to replace the licence returned to the commissioner.
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