Australian Capital Territory Numbered Acts

REGULATORY SERVICES LEGISLATION AMENDMENT ACT 2008 (NO. 5 OF 2008) - SECT 15

substitute

139     When administrators may be appointed

    (1)     The commissioner for fair trading may appoint someone to administer the business of a licensed agent or former licensed agent if any of the following occurs:

        (a)     the agent's licence is suspended or cancelled;

        (b)     the agent is disqualified from holding a licence;

        (c)     the agent's licence has expired;

        (d)     the agent surrenders the licence under section 39;

        (e)     the agent is missing and cannot be located after making reasonable enquiries;

        (f)     the agent dies.

Note 1     For the making of appointments (including acting appointments), see the Legislation Act, pt 19.3.

Note 2     In particular, a person may be appointed for a particular provision of a law (see Legislation Act, s 7 (3)) and an appointment may be made by naming a person or nominating the occupant of a position (see Legislation Act, s 207).

    (2)     The commissioner for fair trading may appoint someone to administer the business of a person who is not a licensed agent if the person is—

        (a)     carrying on business as an agent; or

        (b)     pretending to be a licensed agent.