183Cancellation or suspension of licences

#### 183 Cancellation or suspension of licences 183 Cancellation or suspension of licences (cf former ss 29–29C) > > (1) The Authority may cancel or suspend a licence granted under this Division by notice served on the licensed insurer. > > > (2) The Authority may cancel or suspend a licence for any reason it thinks fit and is not required to give the reasons for its decision. > > > (3) Without affecting the generality of subsection (2), the Authority may cancel or suspend a licence for reasons that relate to the workers compensation system generally, whether or not the reasons relate to the efficiency and conduct of the licensed insurer. > > > (4) The Authority shall, as far as practicable, give a licensed insurer whose licence it proposes to cancel or suspend an opportunity to make representations on the matter. > > > (5) (Repealed) > > > (6) A licence surrendered by a licensed insurer is cancelled if and when the Authority approves of the surrender. > > **s 183:** Am 1994 No 10, Sch 4 (9).