Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:2_19
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 2 cl 19
Character Range: 181161–181967

19  Paragraph 905H(a)
Repeal the paragraph, substitute:
 (a) the licensee ceases to carry on the business of operating the repository 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 repository's services to which the licence relates; 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 that repository;
 (iii) during the last 12 months, the licensee has not engaged in any such specified conduct or activity; or