Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) Each of the following is a ground for occupational discipline in relation to a licensee:
(a) the licensee gave information in relation to the application for the grant, renewal or variation of the licence that was false or misleading in a material particular;
(b) for a corporate licensee—a person who has become, or intends becoming, an executive officer of the licensee is an unsuitable person;
(c) the licensee is no longer eligible for the grant of the licence held by the licensee.
Examples—individual licensee no longer eligible for grant
1 the licensee is no longer a suitable person because the licensee has committed an offence against the Act
2 the licensee becomes bankrupt or executes a personal insolvency agreement
3 the licensee is unlikely to be able to continue to comply with the obligations applying to the licence
4 if the licensee holds a vehicle sale licence, the licensee does not have sufficient material and financial resources to carry on the business in accordance with this Act
Examples—corporate licensee no longer eligible for grant
1 an executive officer of the licensee is no longer a suitable person because the executive officer has committed an offence involving dishonesty
2 if the licensee holds a vehicle sale licence, the licensee does not have sufficient material and financial resources to carry on the business in accordance with this Act
Note 1 See s 8 and s 9 for eligibility for the grant of a licence.
Note 2 An example is part of the Act, is not exhaustive and may extend, but does not limit, the meaning of the provision in which it appears (see Legislation Act, s 126 and s 132).
(2) A ground for occupational discipline applies to a person who is no longer licensed if the ground applied to the person while licensed.