sec.66Deactivated licence may be reactivated

sec.66 Deactivated licence may be reactivated

The holder of a deactivated licence may ask the chief executive to reactivate the licence. If the licence has been deactivated for 5 years or more, the chief executive may reactivate the licence only if the chief executive is satisfied— the holder is a suitable person to hold a licence and, if the holder carries on, or intends to carry on, a regulated business with others, each person with whom the holder carries on, or intends to carry on, the business, is a suitable person to hold a licence; and the holder is eligible to hold the licence. A request under subsection (1) must be made in the approved form and be accompanied by the fee prescribed under a regulation. The chief executive may, by written notice given to the holder, require the holder to give the chief executive within a stated reasonable period information or material the chief executive reasonably believes is needed to consider the request. The holder is taken to have withdrawn the holder’s request if the holder fails to comply with a requirement made under subsection (4) . (sec.66-ssec.1) The holder of a deactivated licence may ask the chief executive to reactivate the licence. (sec.66-ssec.2) If the licence has been deactivated for 5 years or more, the chief executive may reactivate the licence only if the chief executive is satisfied— the holder is a suitable person to hold a licence and, if the holder carries on, or intends to carry on, a regulated business with others, each person with whom the holder carries on, or intends to carry on, the business, is a suitable person to hold a licence; and the holder is eligible to hold the licence. (sec.66-ssec.3) A request under subsection (1) must be made in the approved form and be accompanied by the fee prescribed under a regulation. (sec.66-ssec.4) The chief executive may, by written notice given to the holder, require the holder to give the chief executive within a stated reasonable period information or material the chief executive reasonably believes is needed to consider the request. (sec.66-ssec.5) The holder is taken to have withdrawn the holder’s request if the holder fails to comply with a requirement made under subsection (4) .

• (a) the holder is a suitable person to hold a licence and, if the holder carries on, or intends to carry on, a regulated business with others, each person with whom the holder carries on, or intends to carry on, the business, is a suitable person to hold a licence; and
• (b) the holder is eligible to hold the licence.