127Appointment of administrator for holder of licence

127 Appointment of administrator for holder of licence

127 Appointment of administrator for holder of licence

(1) The Supreme Court may, on the application of the Secretary, make an order appointing an administrator of the affairs and property of a licence holder if the Court is satisfied that—

(a) any ground exists on which the licence holder’s licence may be suspended or cancelled under this Act, or

(b) the licence holder has repeatedly engaged in unjust conduct within the meaning of Division 1, or

(c) it is desirable in the public interest, having regard to the circumstances of the licence holder, to do so.

(2) The Supreme Court may suspend or cancel the licence of any person subject to an order under this section.