THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

SECTION 1189A POWER TO REVOKE, WITHOUT A HEARING, LICENCE HELD BY NATURAL PERSON

1189A The Commission may, by written order, revoke a licence held by a natural person if the person:

(a) becomes an insolvent under administration; or

(b) is convicted of serious fraud; or

(c) becomes incapable, through mental or physical incapacity, of managing his or her affairs; or

(d) asks the Commission to revoke the licence.