20
In forceTerm of, and authority conferred by, licence
Part IILicences
Division 2Licensing provisions
20 Term of, and authority conferred by, licence
(1)
Except during any period while it is suspended, a licence continues in force until it is surrendered under section 22 or cancelled under section 21 or 23.
(2)
A credit provider’s licence authorises the licensee to carry on a business of providing credit under the name or names specified in the licence, subject to and in accordance with this Act and the conditions and restrictions to which the licence is subject.
(3)
For the purposes of this Act, sections 21 and 22 excepted, a person whose licence is suspended under section 23 shall, while the suspension continues, be deemed to be a person who does not hold a licence.
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