(1) At any time the Director may apply to VCAT for the holding of an inquiry to determine whether a licensee—
(a) has contravened or failed to comply with this Act or the regulations; or
(b) has contravened or failed to comply with the Sale of Land Act 1962 ; or
(c) remains eligible to hold a licence; or
(d) is guilty of conduct that renders the licensee unfit to hold a licence; or
(e) improperly obtained, or is improperly holding, a licence.
(2) In the case of a licensee that is a company, at any time the Director may, in addition to making an application under subsection (1), apply to VCAT for the holding of an inquiry to determine whether a director of the licensee—
(a) has contravened or failed to comply with this Act or the regulations; or
(b) has contravened or failed to comply with the Sale of Land Act 1962 or failed to pay a fine imposed on him or her under that Act; or
(c) is guilty of conduct that renders the licensee unfit to hold a licence; or
(d) improperly obtained, or is improperly holding, a licence.