Clause 29

Notwithstanding the provisions of sections 4 and 5 of this Ordinance any housing developer which before the 1st day of November 1964, was carrying on the business of a housing developer may, upon being granted a provisional licence under the provisions of subsection (3) of this section and subject to such conditions, if any, contained in the licence, continue to carry on such business for such period as may be specified in the licence.

Any housing developer which was carrying on the business of a housing developer before the 1st day of November 1964, may apply to the Controller in the prescribed form for a provisional licence.

Upon receiving an application under the provisions of subsection (2) of this section the Controller may, notwithstanding the provisions of section 5 of this Ordinance, grant a provisional licence, with or without conditions, for such period, subject to the provisions of subsection (4) of this section, as he may determine, or refuse a licence.

No provisional licence shall be granted for any period beyond five years after the date of the coming into operation of this Ordinance.

The Controller may at any time vary or revoke any existing conditions of a provisional licence or impose conditions or additional conditions:Provided that the Controller shall, prior to any such action, notify his intention to take such action against the housing developer concerned and shall give the housing developer an opportunity to submit reasons or an explanation in writing why its licence should not be so amended.

Where a licence is subject to conditions the housing developer concerned shall comply with the conditions of the licence.

Any housing developer which fails to comply with any condition of its provisional licence shall be guilty of an offence under this Ordinance and shall be liable on conviction to a fine not exceeding twenty thousand dollars.

Any housing developer which is aggrieved by a decision of the Controller under the provisions of subsection (3) or (5) of this section may, within ten days of its being notified of such decision, appeal to the Minister whose decision thereon shall be final.