15Cancellation of licence

### 15 Cancellation of licence > > (1)  [*\[Section 15 Subsection (1) amended by No. 39 of 2010, s. 16, Applied:01 Jul 2011\]*](/view/html/inforce/2011-07-01/act-2010-039#GS16@Hpa@EN) The Director, by notice served on the holder of a licence, may cancel the licence – > > > > > > (a) [*\[Section 15 Subsection (1) amended by No. 39 of 2010, s. 16, Applied:01 Jul 2011\]*](/view/html/inforce/2011-07-01/act-2010-039#GS16@Hpb@EN) if satisfied that any matter referred to in [section 8(2)](#GS8@Gs2@EN) or [(2B)](#GS8@Gs2B@EN) 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)  [*\[Section 15 Subsection (2) amended by No. 58 of 2005, s. 15, Applied:01 Jan 2006\]*](/view/html/inforce/2006-01-01/act-2005-058#GS15@EN) [*\[Section 15 Subsection (2) substituted by No. 39 of 2010, s. 16, Applied:01 Jul 2011\]*](/view/html/inforce/2011-07-01/act-2010-039#GS16@Hpc@EN) A licence is cancelled if the holder of the licence becomes ineligible under [section 5](#GS5@EN) to apply for a licence. > > > (2A)  [*\[Section 15 Subsection (2A) inserted by No. 39 of 2010, s. 16, Applied:01 Jul 2011\]*](/view/html/inforce/2011-07-01/act-2010-039#GS16@Hpc@EN) 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)](#GS15@Gs1@EN) takes effect on the date of service of the notice.