Change in circumstances of licensed supplier
153 Change in circumstances of licensed supplier
A licensed supplier must, within 7 days after the happening of an event mentioned in subsection (2), give written notice of the event to the commissioner.Maximum penalty—100 penalty units.
The events required to be notified by the licensed supplier are as follows—
the licensed supplier changes its name or address;
the licensed supplier is convicted of—
an offence against this Act; or
an indictable offence punishable by imprisonment for at least 1 year (irrespective of whether the offence is also punishable by a fine in addition, or as an alternative, to imprisonment);
the licensed supplier is affected by control action under the Corporations Act.
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