15Cancellation of licence

15 Cancellation of licence

(1)  [Section 15 Subsection (1) amended by No. 39 of 2010, s. 16, Applied:01 Jul 2011] The Director, by notice served on the holder of a licence, may cancel the licence –

(a) [Section 15 Subsection (1) amended by No. 39 of 2010, s. 16, Applied:01 Jul 2011] if satisfied that any matter referred to in section 8(2) or (2B) applies; or

(b) if satisfied that the holder of the licence –

(i) gave information that is false or misleading; or

(ii) failed to comply with this Act; or

(iii) failed to comply with any condition of the licence; or

(c) for any other prescribed reason.

(2)  [Section 15 Subsection (2) amended by No. 58 of 2005, s. 15, Applied:01 Jan 2006] [Section 15 Subsection (2) substituted by No. 39 of 2010, s. 16, Applied:01 Jul 2011] A licence is cancelled if the holder of the licence becomes ineligible under section 5 to apply for a licence.

(2A)  [Section 15 Subsection (2A) inserted by No. 39 of 2010, s. 16, Applied:01 Jul 2011] If a court finds the holder of a licence guilty of an offence under this Act, the court, in addition to imposing any penalty, may cancel the licence.

(3)  The cancellation of a licence under subsection (1) takes effect on the date of service of the notice.