Queensland Consolidated Acts

PROPERTY OCCUPATIONS ACT 2014 - SECT 77

77 Immediate cancellation

(1) A licensee’s licence is cancelled on the happening of any of the following events—

(a) the licensee is convicted of a serious offence;

(b) if the licensee is an individual, the licensee is an insolvent under administration;

(c) if the licensee is a corporation, the licensee has been wound up or deregistered under the Corporations Act .

(2) The licensee must return the licence to the chief executive within 14 days after the happening of an event mentioned in subsection (1) , unless the licensee has a reasonable excuse.

Penalty—

Maximum penalty for subsection (2) —100 penalty units.