50AAutomatic suspension of licence—no nominee

50A Automatic suspension of licence—no nominee (1) This section applies to a corporation or partnership that is licensed in a construction occupation or occupation class. (2) The corporation’s or partnership’s licence in the construction occupation or occupation class is automatically suspended if— (a) a nominee is not appointed for the construction occupation or occupation class; or (b) if there is only 1 nominee for the construction occupation or occupation class—the nominee stops being the nominee for the construction occupation or occupation class. Note A nominee may stop being a nominee automatically (see s 28A), on resignation with the registrar’s approval (see s 29) or on revocation with the registrar’s approval (see s 30).