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Contents

Part 3 · Security Clearance

44. Validity of security clearance

(1)

A security clearance for an individual remains in force (unless earlier cancelled) for the shortest of the following periods:

(a)

a period of 2 years after it is granted;

(b)

if the individual is or is to be a responsible executive of a licensee, or is or is to be employed or required to work with or for a licensee, the period the individual is a responsible executive of the licensee or is an employee or otherwise required to work with or for the licensee;

(c)

if the individual is a licensee, the period the licence is in force.

(2)

However, a security clearance is not treated as in force during any period it is suspended.

(3)

A security clearance relating to an individual is not transferable.

Part 4

Licensing

Part 5

Business Operation Requirements

Part 6

Enforcement

Part 7

Appeals

Part 8

Miscellaneous

Part 9

Amendments to Other Acts and Final Provisions

Schedules