Licensee to give notice of certain changes
20 Licensee to give notice of certain changes
S. 20(1) amended by No. 52/1998 s. 152.
If—
a person ceases to be or is appointed as a director of a body corporate that is a licensee; or
a licensee ceases or commences to carry on business at a place; or
any other change that is a prescribed change occurs in relation to a licensee—
the licensee must give notice in writing to the Authority within 14 days after the change occurs together with particulars of the change.
- 5 penalty units.
S. 20(2) inserted by No. 6/1989 s. 13(2)(b), amended by Nos 74/1996 s. 11(1), 52/1998 s. 152.
If a licence is granted to a partnership and there is a change in the partnership, the partnership and each person who was a member of the partnership immediately before the change must give notice in writing of the dissolution of the partnership to the Authority within 14 days after the change occurs.
S. 20(3) inserted by No. 74/1996 s. 11(2), amended by No. 52/1998 s. 152.
A former member of a partnership need not comply with subsection (2) if she or he knows the partnership or another former member has already given written notice of the change to the Authority.
S. 21 amended by No. 52/1998 s. 153.
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