Australian Capital Territory Numbered Acts

SALE OF MOTOR VEHICLES (AMENDMENT) ACT (NO. 48 OF 1995) - SECT 40

40. Section 47 of the Principal Act is amended—

    (a)     by omitting from subsection (1) “The” and substituting “Subject to subsection (1A), the”; and

    (b)     by inserting after subsection (1) the following subsection:

“(1A) Where—

        (a)     the Registrar holds an inquiry for the purposes of subsection 45A (5) and is satisfied in relation to a corporation that holds a licence that a person intending to become a director of the corporation is not a person of good fame and character; and

        (b)     has reason to believe that the person has since become a director of the corporation;

the Registrar shall forthwith and without further inquiry revoke the licence of the corporation.”.