Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1190

1190. The Commission may, by written order, revoke a licence if:

   (a)  the licensee ceases to be an eligible corporation;

   (b)  the licensee ceases to carry on business;

   (c)  the licensee becomes an externally-administered body corporate;

   (d)  the licensee asks the Commission to revoke the licence; or

   (e)  a director, secretary or executive officer of the licensee contravenes
        section 1142 or 1143.