214Direction to terminate association, arrangement or agreement

214 Direction to terminate association, arrangement or agreement (1) The Commission may issue a direction to a licensee and any person who is an associate of the licensee or in an arrangement or agreement with the licensee to terminate the association, arrangement or agreement, whether previously approved or not. (2) A direction under subsection (1) may only be made if the Commission is satisfied, after an investigation, that: (a) the person contravened a provision of this Act or any code of practice, direction, standard, rule or requirement under this Act; or (b) the person is not suitable to be an associate of or be in an arrangement or agreement with the licensee. (3) When considering suitability under subsection (2)(b), the Commission must consider the following criteria: (a) whether the person is a fit and proper person, having regard to character, honesty and integrity; (b) whether the person has any business association with any person, body or association who or which, in the opinion of the Commission, is not a fit and proper person, having regard to character, honesty and integrity or has undesirable or unsatisfactory financial resources.