sec.96Immediate suspension

sec.96 Immediate suspension

This section applies if the chief executive reasonably believes that— a subagent’s registration was obtained, or renewed or restored, because of materially incorrect or misleading information; or both— an irregularity or deficiency exists in a field agent’s trust account; and a subagent employed by a field agent may be responsible for the irregularity or deficiency; or a subagent— has contravened or is contravening this Act or the Administration Act ; or has contravened PAMDA; or is likely or proposing to engage in conduct that would contravene this Act or the Administration Act . The chief executive may suspend the subagent’s registration, whether or not proceedings have been started under part 9 , division 3 . The registration may be suspended for the period, of not more than 28 days, and on the conditions, the chief executive decides. The chief executive must give the subagent an information notice about the suspension within 14 days after suspending the registration. (sec.96-ssec.1) This section applies if the chief executive reasonably believes that— a subagent’s registration was obtained, or renewed or restored, because of materially incorrect or misleading information; or both— an irregularity or deficiency exists in a field agent’s trust account; and a subagent employed by a field agent may be responsible for the irregularity or deficiency; or a subagent— has contravened or is contravening this Act or the Administration Act ; or has contravened PAMDA; or is likely or proposing to engage in conduct that would contravene this Act or the Administration Act . (sec.96-ssec.2) The chief executive may suspend the subagent’s registration, whether or not proceedings have been started under part 9 , division 3 . (sec.96-ssec.3) The registration may be suspended for the period, of not more than 28 days, and on the conditions, the chief executive decides. (sec.96-ssec.4) The chief executive must give the subagent an information notice about the suspension within 14 days after suspending the registration.

• (a) a subagent’s registration was obtained, or renewed or restored, because of materially incorrect or misleading information; or
• (b) both— (i) an irregularity or deficiency exists in a field agent’s trust account; and (ii) a subagent employed by a field agent may be responsible for the irregularity or deficiency; or
• (i) an irregularity or deficiency exists in a field agent’s trust account; and
• (ii) a subagent employed by a field agent may be responsible for the irregularity or deficiency; or
• (c) a subagent— (i) has contravened or is contravening this Act or the Administration Act ; or (ii) has contravened PAMDA; or (iii) is likely or proposing to engage in conduct that would contravene this Act or the Administration Act .
• (i) has contravened or is contravening this Act or the Administration Act ; or