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- (c) to ensure the good governance of the CMO;
- (d) to investigate or remedy any contravention by the CMO of its class licence conditions;
- (e) where the CMO is under a cessation order, to secure the orderly cessation of the CMO’s business as a CMO.
(2) The power of IPOS under subsection (1) includes directing a CMO or any officer of a CMO to—
- (a) provide security for the CMO’s compliance with its class licence conditions;
- (b) conduct an audit of the CMO’s business at the expense of the CMO or officer;
- (c) if there is reason to believe, based on credible information, that the CMO has contravened one or more of its class licence conditions—
- (i) submit to an audit of the CMO’s business conducted by or at the direction of IPOS;
- (ii) pay the cost incurred by IPOS for the audit; and
- (iii) pay any other cost incurred by IPOS in relation to the audit, but only if the findings of the audit lead to—
- (A) a financial penalty being imposed on the CMO or an officer of the CMO;
- (B) a regulatory direction to the CMO or an officer of the CMO to turn over the conduct of the CMO’s business to a person appointed by IPOS; or
- (C) a cessation order being made against the CMO;
- (d) secure the removal or appointment of a person as an officer of the CMO;
- (e) turn over the conduct of the CMO’s business to a person appointed by IPOS;
- (f) stop taking on the management of new works or performances; and
