62
In forceRequirement that key person apply for licence or end role
Part 4Key persons
Division 1Requirement for key persons to be licensed
62 Requirement that key person apply for licence or end role
(1)
If the chief executive reasonably believes a person (other than a key person licensee) is a key person, the chief executive may, by written notice given to the person, require the person either to apply for a key person licence or to terminate the relevant key relationship, within 7 days of receiving the notice.
(2)
The person must comply with the requirement within 7 days of receiving the notice, unless the person has a reasonable excuse.Maximum penalty—100 penalty units or 1 year’s imprisonment.
(3)
The chief executive must give a copy of the notice to the relevant licensed provider.
This Act’s bill:Explanatory memorandum
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