Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies if the authority considers that a company that is a licensee has an individual who is a convicted company officer as a director or secretary of, or an influential person or nominee for, the company.
(2) The authority must give the company a written notice stating--
(a) particulars identifying the individual (the relevant individual) the authority considers is a director or secretary of, or an influential person or nominee for, the company; and
Editor's note--
A company may have the authority's decision reviewed by the tribunal under section 86(1)(m).
(b) that the relevant individual must stop being a director, secretary, influential person or nominee within 28 days after the authority gives the individual the written notice; and
(c) the authority must cancel the licensee's licence if the relevant individual does not stop being a director, secretary, influential person or nominee within the 28 days mentioned in paragraph (b).
(3) The authority must cancel the company's licence by written notice given to the company if the relevant individual does not stop being a director, secretary, influential person or nominee within the 28 days mentioned in subsection (2)(b).
(4) Section 49 does not apply to a cancellation under subsection (3).