139When administrators may be appointed

139 When administrators may be appointed (1) The commissioner for fair trading may appoint someone to administer the business of a licensed agent or former licensed agent if any of the following occurs: (a) the agent’s licence is suspended or cancelled; (b) the agent is disqualified from holding a licence; (c) the agent’s licence has expired; (d) the agent surrenders the licence under section 39; (e) the agent is missing and cannot be located after making reasonable enquiries; (f) the agent dies. Note 1 For the making of appointments (including acting appointments), see the Legislation Act, pt 19.3. Note 2 In particular, a person may be appointed for a particular provision of a law (see Legislation Act, s 7 (3)) and an appointment may be made by naming a person or nominating the occupant of a position (see Legislation Act, s 207). (2) The commissioner for fair trading may appoint someone to administer the business of a person who is not a licensed agent if the person is— (a) carrying on business as an agent; or (b) pretending to be a licensed agent.

Appointment of administrators Part 9