Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1190

Power to revoke, without a hearing, licence held by body corporate

ASIC may, by written order, revoke a licence held by a body corporate if:

the body ceases to carry on business; or

the body becomes an externally-administered body corporate; or

the body asks ASIC to revoke the licence; or

a director, secretary or executive officer of the body contravenes this Act because:

he or she does not hold a licence; or
a licence he or she holds is suspended.

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