(1) Immediately on becoming aware that—
(a) the holder of a dealers licence; or
(b) in the case of a licence which is held by a body corporate, any officer of the body corporate—
is a prohibited person the Chief Commissioner must cancel the licence.
(2) The Chief Commissioner must notify the holder of the licence of the cancellation of the licence, either personally or by post.
S. 76A inserted by No. 53/2016 s. 100.