Authority may temporarily suspend insolvent etc. trader without hearing
30A Authority may temporarily suspend insolvent etc. trader without hearing
S. 30A(1) amended by No. 52/1998 s. 159(1).
If an application for an inquiry includes a ground based on section 30(2)(c), the Director may apply to the Tribunal in writing for the temporary suspension of the licensee's licence.
S. 30A(2) amended by No. 52/1998 s. 159(2).
A presidential member of the Tribunal may suspend the licence for a period of up to 14 days if she or he is satisfied that there are grounds for believing that the licensee does not have sufficient financial resources to enable the licensee to continue carrying on the business to which the licence relates.
S. 30A(3) amended by No. 52/1998 s. 159(3).
A presidential member of the Tribunal may suspend the licence without giving the licensee a chance to be heard and even though the licensee has not been given notice of either application.
S. 30A(4) amended by No. 52/1998 s. 159(4).
If a presidential member of the Tribunal considers an application under this section, she or he must not take part in the related inquiry under section 30.
S. 30A(5) amended by No. 52/1998 s. 159(1).
The Tribunal may—
continue a suspension imposed under subsection (3) until the end of the inquiry; or
S. 30A(5)(b) amended by No. 52/1998 s. 159(1).
re-impose (from a date specified by the Tribunal) a suspension on a licence formerly suspended under subsection (3) until the end of the inquiry; or
revoke a suspension imposed under subsection (3).
S. 30A(6) amended by No. 52/1998 s. 159(5).
The principal registrar of the Tribunal must notify the licensee in writing of any suspension imposed under this section as quickly as possible.
S. 31 amended by No. 52/1998 s. 160(5).
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