Commonwealth Numbered Acts

Insurance (Agents and Brokers) Act 1984 No. 75 of 1984 - SECT 25

25. (1) The relevant Commissioner may suspend for such period as the
Commissioner considers to be appropriate, or cancel, the registration of a
person under this Part if the person, or a director, employee or agent of the
person, has, whether before or after the registration took place and whether
before or after the commencement of this Part, been convicted of an offence-

   (a)  against or arising under this Act or any law, whether of the
        Commonwealth, of a State or Territory, or of some other country, in
        respect of conduct relating to insurance; or

   (b)  in respect of dishonest conduct, being an offence that, in the opinion
        of the Commissioner, renders the person unfit to carry on business as
        an insurance broker.

(2) While the registration of a person under this Part is suspended, the
person shall be deemed not to be registered under this Part.

(3) Notwithstanding sub-section (2), a person whose registration is suspended
may carry on such of his business as an insurance broker as the
relevant Commissioner, by writing signed by him, specifies, for such time and
subject to such conditions (if any) as the relevant Commissioner, by writing
signed by him, specifies.

(4) A person shall not carry on business as an insurance broker after the time
specified under sub-section (3) in relation to him or fail to comply with a
condition under that sub-section that is applicable to him.

Penalty:

   (a)  in the case of a natural person-$5,000 or imprisonment for 2 years, or
        both; or

   (b)  in the case of a corporation-$25,000.

(5) Where the relevant Commissioner cancels the registration of a person, he
may, by writing signed by him, specify a period during which the person is to
be disqualified from registration and, where a period is so specified in
relation to a person, the person is disqualified from registration during that
period.

(6) A person shall not be registered under this Part while his registration is
suspended or while he is disqualified from registration.

(7) Where a Commissioner suspends or cancels under this section the
registration of a person under this Part, he shall cause notice of the
suspension or cancellation to be published in the Gazette.