Existing positive notices held by other new relevant disqualified persons
472 Existing positive notices held by other new relevant disqualified persons
This section applies in relation to a positive notice issued under section 102(2)(a) of the unamended Act (including a positive notice that, immediately before the commencement, is suspended under section 119C of the unamended Act) to a person who is a new relevant disqualified person other than a person mentioned in section 471(1).
The positive notice is cancelled.
If, immediately before the commencement, the positive notice is suspended under section 119C of the unamended Act, any application for the cancellation of the suspension under section 119D of the unamended Act that has not been decided or withdrawn at the commencement is taken to have been withdrawn.
The commissioner must give notice of the cancellation of the positive notice to—
the person; and
each notifiable person for the person.
A notice mentioned in subsection (4)—
must state that the positive notice is cancelled and the date the positive notice is cancelled; and
is taken, for sections 194, 195, 256 and 257, to be a notice that a negative notice has been issued to the person on the date the positive notice is cancelled.
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