112Community stores not eligible to participate in income management—failure to hold a licence

#### 112 Community stores not eligible to participate in income management—failure to hold a licence (1) This section applies to a community store if: (a) both: (i) a notice has been given as mentioned in subsection 99(4), advising that if a community store licence is not in effect in relation to the community store by a specified day, the community store will not be eligible to participate in the income management regime after that day; and (ii) as at the specified day, or such later day as agreed in writing by the Secretary, such a licence is not in effect; or (b) both: (i) a notice has been given as mentioned in subsection 108A(3), advising that if the period of effect of the community store licence held in relation to the community store is not extended, the community store will not be eligible to participate in the income management regime; and (ii) the community store licence subsequently ceases to be in effect because the licence was not extended; or (c) both: (i) a notice has been given as mentioned in subsection 108A(4) or 110(1), advising that if the community store licence held in relation to the community store is revoked, the community store will not be eligible to participate in the income management regime; and (ii) the licence is subsequently revoked. (2) The community store is not eligible to participate in the income management regime during the period: (a) beginning on whichever of the following days is applicable: (i) in the case of a community store referred to in paragraph (1)(a)—the day specified in the notice or the later day referred to in subparagraph (1)(a)(ii); (ii) in the case of a community store referred to in paragraph (1)(b)—the day on which the community store licence ceases to be in effect; (iii) in the case of a community store referred to in paragraph (1)(c)—the day on which the revocation takes effect; and (b) ending on the earlier of the following days: (i) the day on which a community store licence comes into effect in relation to the community store; (ii) the day on which the Secretary gives a notice under section 95A stating that a community store licence is not required in relation to the community store. > Note: The consequences of not being eligible to participate in the income management regime are dealt with in section 113.