16Revocation of registration

16 Revocation of registration

(1) A registered person shall, within 7 days after he becomes a person who is neither a manufacturer nor a wholesale merchant, lodge with the Commissioner a notice in writing stating that fact.

Penalty: $500.

(2) Where at any time it comes to the knowledge of the Commissioner that a registered person is neither a manufacturer nor a wholesale merchant, the Commissioner shall revoke the person’s registration. (3) Where a person is a registered person and: (a) at the time when the person’s application for registration was made, the application: (i) was false or misleading in a material particular; or (ii) omitted any matter or thing without which the application was misleading in a material particular; or (b) the person, being required to give security under subsection 11(8A) or (11), refuses or fails to do so; the Commissioner may, in the Commissioner’s discretion, revoke the person’s registration, but the person does not thereby cease to be required to be registered. (4) Where the Commissioner, under subsection 11(3C) or subsection (2) or (3) of this section, revokes a person’s registration: (a) the Commissioner: (i) shall serve on the person, as prescribed, notice in writing of the revocation; and (ii) shall be taken, for the purposes of this Act, to revoke the registration at the time when the notice is served on the person; and (b) the person shall, within 7 days after that time, surrender his certificate to the Commissioner. (5) The Commissioner shall cancel a certificate surrendered under subsection (4). (6) A person who contravenes paragraph (4)(b) is guilty of an offence punishable on conviction by a fine not exceeding $500.