208 Consequences of suspension, cancellation, or refusal to renew licensed promoter’s licence

(1)

The suspension or cancellation of, or refusal to renew, a licensed promoter’s licence does not affect—

(a)

the obligations of an approved surety to pay the bond amount on demand under section 196:

(b)

the obligations of the licensed promoter to operate a trust account as required by section 211.

(2)

The Secretary may decide to withdraw a suspension before the end of the suspension period if the reasons for the suspension are resolved to the satisfaction of the Secretary.

(3)

The Secretary may decide to cancel a suspended licence at the end of the suspension period if the reasons for the suspension are not resolved to the satisfaction of the Secretary.

(4)

Section 207(5) and (6) apply to the cancellation of a suspended licence.

(5)

A licensed promoter is not entitled to a refund of fees paid in relation to its licensed promoter’s licence if the Secretary suspends, cancels, or refuses to amend or renew its licensed promoter’s licence.