42Enforcement of licences by the Minister

42 Enforcement of licences by the Minister

42 Enforcement of licences by the Minister

(1) If the Minister is satisfied that the holder of a licence has knowingly contravened a requirement of this Act, the regulations or the conditions of the licence, the Minister may do 1 or more of the following—

(a) impose a monetary penalty not exceeding $250,000 on the holder of the licence,

(b) if the licence holder is a corporation—impose a monetary penalty not exceeding $50,000 on a person who is a director of or concerned in the management of the corporation, but only if the Minister is satisfied that the person knowingly authorised or permitted the contravention,

(c) cancel the licence.

(2) Nothing in this section prevents a licence from being cancelled at the request of the licence holder.

s 42: Am 2000 No 60, Sch 1.3 [10]. Subst 2021 No 34, Sch 4[8].