46Cancellation of licence

46 Cancellation of licence

(1)  The Administrator may, by notice in writing given to a licence holder, cancel the licence if any of the statements or information contained in the licence holder's application for the licence is materially false or misleading.

(1A)  [Section 46 Subsection (1A) inserted by No. 29 of 2022, s. 60, Applied:14 Dec 2022] In the case of a licence held by a person by virtue of holding deemed registration, the Administrator may, by notice in writing given to the person, cancel the licence if the Administrator is satisfied that the person –

(a) does not have sufficient material and financial resources available to enable them to comply with the requirements of this Act; or

(b) has ceased to carry on the business to which the licence relates; or

(c) has provided any information to the Administrator that is materially false or misleading.

(2)  The cancellation of a licence does not render unlawful any prescribed work carried out by a person before he or she receives notice of the cancellation.