National Consumer Credit Protection Act 2009

CHAPTER 2 - LICENSING OF PERSONS WHO ENGAGE IN CREDIT ACTIVITIES  

PART 2-2 - AUSTRALIAN CREDIT LICENCES  

Division 6 - When a licence can be suspended, cancelled or varied  

Subdivision C - Miscellaneous rules about suspensions, cancellations and variations  

SECTION 62   ASIC MAY ALLOW LICENCE TO CONTINUE IN FORCE  

62(1)   [ ASIC may include terms in suspension or cancellation of licence]  

If ASIC gives a written notice of suspension or cancellation to a licensee, ASIC may include terms in the notice specifying that the licence continues in force as though the suspension or cancellation had not happened for the purposes of specified provisions of this Act in relation to specified matters, a specified period, or both.

62(2)   [ Licence continues in force in accordance with terms]  

If ASIC includes terms in a notice under subsection (1), the licence continues in force in accordance with the terms of the notice.