Clause 6

by deleting the word “or” at the end of subsection (1)(b);

by inserting, immediately after the words “section 27,” in subsection (1)(c), the words “32D or 32F(2); or”;

by inserting, immediately after paragraph (c) of subsection (1), the following paragraph:“(d)section 32B,”;

by deleting subsections (2) and (3) and substituting the following subsection:“(2) If the Authority is satisfied that —

the person mentioned in subsection (1) is again likely to contravene, whether by act or omission, any condition, provision, direction or section referred to in that subsection;

the person mentioned in subsection (1) has gone into liquidation other than for the purpose of amalgamation or reconstruction;

the person mentioned in subsection (1) is no longer in a position to comply with this Act or the terms or conditions of his licence; or

the public interest so requires,the Authority may (in lieu of an order or a financial penalty under subsection (1)(i) or (ii)) by notice in writing and without payment of any compensation, do all or any of the following:

cancel the licence or part thereof;

suspend the licence or part thereof for such period as it thinks fit;

reduce the period for which the licence is to be in force.”; and

by inserting, immediately after the words “an offence” in subsection (5), the words “and shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 3 years or to both”.