sec.163Cancellation of registration etc.

### sec.163 Cancellation of registration etc. On the completion of the transfer or disposition of an accommodation provider’s relevant assets under section 162— the provider’s registration under the former Act is cancelled; and an existing assistance agreement to which the accommodation provider is a party is terminated. For subsection (1)(b), it does not matter that the accommodation provider is not required by the existing assistance agreement to be registered under the former Act in order to receive funding under the agreement. If the accommodation provider fails to transfer or dispose of the provider’s relevant assets within the time required under section 162, the provider is taken to have contravened each existing assistance agreement to which the provider is a party. s 163 ins 2013 No. 5 s 54 (sec.163-ssec.1) On the completion of the transfer or disposition of an accommodation provider’s relevant assets under section 162— the provider’s registration under the former Act is cancelled; and an existing assistance agreement to which the accommodation provider is a party is terminated. (sec.163-ssec.2) For subsection (1)(b), it does not matter that the accommodation provider is not required by the existing assistance agreement to be registered under the former Act in order to receive funding under the agreement. (sec.163-ssec.3) If the accommodation provider fails to transfer or dispose of the provider’s relevant assets within the time required under section 162, the provider is taken to have contravened each existing assistance agreement to which the provider is a party. - (a) the provider’s registration under the former Act is cancelled; and - (b) an existing assistance agreement to which the accommodation provider is a party is terminated.