(1) Each of the following is a ground for regulatory action against a licensee:
(a) the licensee has contravened, or is contravening, a provision of this Act;
Note A reference to an Act includes a reference to the statutory instruments made or in force under the Act, including any regulation (see Legislation Act
, s 104).
(b) the licensee has contravened a condition of the licence.
(2) In this section:
"licensee" includes, if the person is a corporation, each executive officer of the corporation.