corporate ASIC may, by written order, revoke a licence held by a
body corporate if:
- (a)
- the body ceases to carry on business; or
- (b)
- the body becomes an externally-administered body corporate; or
- (c)
- the body asks ASIC to revoke the licence; or
- (d)
- a director, secretary or executive officer of the body contravenes this
Chapter because:
- (i)
- he or she does not hold a licence; or
- (ii)
- a licence held by him or her is suspended.