s. 28 (3) The person who held a licence that has been S. 27(3) surrendered must return the licence to the inserted by No. 74/1996 Authority within 14 days of surrendering it. s. 14. 10 penalty units. 28 Automatic cancellation of licence on bankruptcy etc. S. 28 substituted by No. 74/1996 (1) A licence is automatically cancelled if the s. 15. licensee— (a) becomes an insolvent under administration; or (b) becomes an externally-administered body S. 28(1)(b) amended by corporate; or No. 101/1998 s. 8(2)(b). (c) becomes a represented person within the meaning of the Guardianship and Administration Board Act 1986. (2) A licence is automatically cancelled 30 days after the licensee— (a) is convicted or found guilty of a serious S. 28(2)(a) amended by offence (whether or not a conviction was No. 8/2003 recorded); or s. 65. (b) is disqualified from holding a licence. (3) A licence is automatically cancelled if a partner of a licensee that is a partnership, or a director of a licensee that is a body corporate— (a) is or has been convicted or found guilty of a S. 28(3)(a) amended by serious offence (whether or not a conviction Nos 8/2003 was recorded) or is or has been disqualified s. 65, 63/2010 s. 76(2)(a). from holding a licence; and (b) is a partner or director of the licensee S. 28(3)(b) amended by 30 days or more after the conviction or No. 63/2010 disqualification. s. 76(2)(b).
S. 27(3) inserted by No. 74/1996 s. 14. (3) The person who held a licence that has been surrendered must return the licence to the Authority within 14 days of surrendering it. 10 penalty units. S. 28 substituted by No. 74/1996 s. 15. 28 Automatic cancellation of licence on bankruptcy etc. s. 28 (1) A licence is automatically cancelled if the licensee— (a) becomes an insolvent under administration; or S. 28(1)(b) amended by No. 101/1998 s. 8(2)(b). (b) becomes an externally-administered body corporate; or (c) becomes a represented person within the meaning of the Guardianship and Administration Board Act 1986. (2) A licence is automatically cancelled 30 days after the licensee— S. 28(2)(a) amended by No. 8/2003 s. 65. (a) is convicted or found guilty of a serious offence (whether or not a conviction was recorded); or (b) is disqualified from holding a licence. (3) A licence is automatically cancelled if a partner of a licensee that is a partnership, or a director of a licensee that is a body corporate— S. 28(3)(a) amended by Nos 8/2003 s. 65, 63/2010 s. 76(2)(a). (a) is or has been convicted or found guilty of a serious offence (whether or not a conviction was recorded) or is or has been disqualified from holding a licence; and S. 28(3)(b) amended by No. 63/2010 s. 76(2)(b). (b) is a partner or director of the licensee 30 days or more after the conviction or disqualification.
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