Clause 8

by deleting subsection (1) and substituting the following subsections:“(1) Where any person registered under this Act has ceased to carry on business, he shall, within 14 days of the cessation, lodge with the Registrar a notice in such form as the Registrar may determine notifying the Registrar that he has ceased to carry on business.(1A) The Registrar may, if he thinks fit, allow a person registered under this Act to lodge with the Registrar a notice, in such form as the Registrar may determine, notifying the Registrar in advance that he shall cease to carry on business on the date specified in the notice.”;

by deleting “$1,000” in subsection (2) and substituting “$5,000”;

by deleting subsection (3) and substituting the following subsection:“(3) On receipt of the notice under subsection (1) or on the date specified in the notice under subsection (1A), as the case may be, the Registrar may cancel the registration of the person and remove from the register the name under which he carries on business.”;

by deleting the word “letter” in the 4th line of subsection (4) and substituting the word “notice”;

by deleting the words “certificate of registration issued to that person” in the 6th line of subsection (4) and substituting the words “registration of that person”;

by deleting the words “certificate of registration issued to that person” in the 5th and 6th lines of subsection (5) and substituting the words “registration of that person”;

by deleting the words “the certificate of registration of which” in subsection (6) and substituting the words “whose registration”; and

by inserting, immediately after subsection (6), the following subsection:“(7) Where the registration of a person is cancelled under this section, the certificate of registration issued to that person shall be deemed to be cancelled.”.