sec.54Licence—conditions

### sec.54 Licence—conditions The chief executive may issue a licence on the conditions the chief executive considers necessary or desirable for the proper performance of the activities authorised by the licence. Without limiting subsection (1) , a condition may— limit or prohibit the performance of an activity authorised under this Act or the Administration Act ; or require a licensee to hold insurance of a kind and in an amount prescribed under a regulation. If the chief executive decides to issue a licence on condition, the chief executive must give the applicant an information notice about the decision within 14 days after making the decision. (sec.54-ssec.1) The chief executive may issue a licence on the conditions the chief executive considers necessary or desirable for the proper performance of the activities authorised by the licence. (sec.54-ssec.2) Without limiting subsection (1) , a condition may— limit or prohibit the performance of an activity authorised under this Act or the Administration Act ; or require a licensee to hold insurance of a kind and in an amount prescribed under a regulation. (sec.54-ssec.3) If the chief executive decides to issue a licence on condition, the chief executive must give the applicant an information notice about the decision within 14 days after making the decision. - (a) limit or prohibit the performance of an activity authorised under this Act or the Administration Act ; or - (b) require a licensee to hold insurance of a kind and in an amount prescribed under a regulation.