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\[8\].