Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:2_16
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 2 cl 16
Character Range: 179434–180204

16  Paragraph 826B(a)
Repeal the paragraph, substitute:
 (a) the licensee ceases to carry on the business of operating the facility to which the licence relates; or
 (aa) both of the following subparagraphs apply:
 (i) it has been at least 12 months since ASIC granted the licence;
 (ii) during the last 12 months, the licensee has not provided the facility's services; or
 (ab) all of the following subparagraphs apply:
 (i) it has been at least 12 months since ASIC granted the licence;
 (ii) the licence is subject to a condition specifying that the licensee is authorised to engage in specified conduct or activity that constitutes operating the facility;
 (iii) during the last 12 months, the licensee has not engaged in any such specified conduct or activity; or