Part 3Licences and approvals
Expiry, surrender, suspension, and revocation of licences: Offences relating to expiry, surrender, and revocation of licences
168Offence to carry on business activities after expiry, surrender, or revocation of business licence
If the business licence of an individual has expired, or has been surrendered or revoked, the individual may not—
- carry on any business activity; or
- have any business interest in any arms items.
If the business licence of a senior manager of a body corporate has expired, or has been surrendered or revoked, the body corporate may not carry on any business activity.
However,—
- nothing in subsection (1) applies to an individual who—
- sells or otherwise disposes of any of the kinds of items specified in section 163 in accordance with that section; or
- after the expiry, surrender, or revocation of their business licence is, at any subsequent time, issued with another business licence to carry on 1 or more business activities; and
- sells or otherwise disposes of any of the kinds of items specified in section 163 in accordance with that section; or
- nothing in subsection (2) applies to a body corporate—
- that sells or otherwise disposes of any of the kinds of items specified in section 163 in accordance with that section; or
- if, after the expiry, surrender, or revocation of the senior manager’s licence, the senior manager is, at any subsequent time, issued with another business licence that authorises the body corporate to carry on 1 or more business activities; or
- if another senior manager of the body corporate is issued with a business licence that authorises the body corporate to carry on 1 or more business activities.
- that sells or otherwise disposes of any of the kinds of items specified in section 163 in accordance with that section; or
An individual whose business licence has expired, or has been surrendered or revoked, commits an offence and is liable on conviction to imprisonment for a term not exceeding 3 years, or to a fine not exceeding $40,000, if the individual, without reasonable excuse, contravenes subsection (1).
A senior manager of a body corporate whose business licence has expired, or has been surrendered or revoked, is liable on conviction to imprisonment for a term not exceeding 3 years, or to a fine not exceeding $40,000, if the body corporate, without reasonable excuse, contravenes subsection (2).



