Grounds for suspension or cancellation of relevant authorisation
93 Grounds for suspension or cancellation of relevant authorisation
Each of the following is grounds for suspending or cancelling a relevant authorisation:
the holder of the relevant authorisation has contravened this Act or a corresponding law;
without limiting paragraph (a), the holder of the relevant authorisation has contravened a condition of the relevant authorisation;
the holder of the relevant authorisation no longer has the qualifications, skills, knowledge or experience required under this
Act to continue to hold the relevant authorisation;
the holder of the relevant authorisation is not a suitable person to continue to hold the relevant authorisation or, in the case of a body corporate, a director is not a suitable person to be a director of a body corporate that is the holder of the relevant authorisation;
an application relating to the relevant authorisation was false or misleading in a material particular;
the relevant decision-maker receives information about the holder of the relevant authorisation and the relevant decision-maker is of the opinion that, had the information been received at the time when the application for the relevant authorisation was made in respect of the holder of the relevant authorisation, the relevant decision-maker would have refused the application;
the holder of the relevant authorisation has ceased to undertake the activity authorised under the relevant authorisation;
the holder of the relevant authorisation has failed to pay a fee or charge under this Act within the time required for payment;
any other prescribed ground.
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