CTHRepealedAct
Securities Industry Act 1980
62BPower to revoke, without a hearing, licence held by body corporate
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##### 62B Power to revoke, without a hearing, licence held by body corporate
The Commission may, by written order, revoke a licence held by a body corporate if:
(a) the body ceases to carry on business;
(b) the body becomes an externally‑administered body corporate;
(c) the body asks the Commission to revoke the licence; or
(d) a director, secretary or executive officer of the body contravenes this Act because:
(i) he or she does not hold a licence; or
(ii) a licence he or she holds is suspended.