Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies if an authorised officer is satisfied that an associate of a licensed dealer is not a fit and proper person to be an associate of a licensed dealer.
(2) Before revoking the licensed dealer's licence, the authorised officer must give the dealer a notice stating that the authorised officer--
(a) is satisfied that a named associate of the dealer is not a fit and proper person to be an associate of a licensed dealer; and
(b) intends to give the dealer a revocation notice under section 29 unless the dealer discontinues the dealer's association with the associate within a stated reasonable time.
(3) In deciding what is a reasonable time, regard is to be had to the following--
(a) the extent of the associate's relevant financial interest in the dealer's business;
(b) any relevant power the associate may exercise in the dealer's business;
(c) any relevant position the associate holds in the dealer's business;
(d) the public interest.