Australian Capital Territory Numbered Acts

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BUILDING AND CONSTRUCTION LEGISLATION AMENDMENT ACT 2016 (NO. 44 OF 2016) - SECT 61

Automatic suspension of corporate licence

Section 49 (2)

substitute

    (2)     The corporation's licence is automatically suspended if the corporation—

        (a)     becomes the subject of a winding-up order; or

        (b)     has a controller or administrator appointed for the corporation; or

        (c)     is found guilty, whether in the ACT or anywhere else, of an offence that—

              (i)     involves fraud, dishonesty or violence; and

              (ii)     is punishable by imprisonment for at least 1 year.



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