34ZZA

Licence ceases to have effect in certain circumstances

In force

A licence ceases to have effect—

(a)

in the case of a licensee who is a natural person, if the licensee—

(i)

becomes an insolvent under administration; or

(ii)

becomes a represented person within the meaning of the Guardianship and Administration Act 2019; or

(b)

in the case of a licensee that is a body corporate, if the licensee—

(i)

becomes an externally administered body corporate within the meaning of the Corporations Act; or

(ii)

is wound up; or

(iii)

is deregistered (whether under the Corporations Act or otherwise).

S. 34ZZB inserted by No. 51/2024 s. 8.

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