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Export Control Act 2020
219Notice of changes to holder of export licence
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219 Notice of changes to holder of export licence
(1) The holder of an export licence must notify the Secretary, in writing, as soon as practicable after any of the following events occurs:
(a) there is a change in the holder’s business structure;
(b) if the holder is an individual—the individual enters into a personal insolvency agreement under Part X of the Bankruptcy Act 1966;
(c) if the holder is a corporation—the corporation:
(d) there is a change in the trading name, business address or contact details of the holder;
Example: For the purposes of paragraph (a), each of the following would be a change in the holder’s business structure:
(a) a change in a person who participates in the management or control of the holder’s export business;
(b) if the holder is a partnership—a change in the membership of the partnership.
Note: The Secretary may suspend or revoke the export licence if:
(a) in certain cases, the holder of the licence is not a fit and proper person (see paragraphs 205(1)(b) and 212(1)(b)); or
(b) the holder fails to comply with this subsection (see paragraphs 205(1)(i) and 212(1)(i)).