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BUSINESS RESCUE PRACTITIONERS: LICENCE SUSPENSION/REVOCATION GROUNDS GAZETTED
- 12 June 2026
- Trade, Industry & Competition
- SA Legal Academy
On behalf of the Companies & Intellectual Property Commission, the Department of Trade, Industry & Competition has gazetted a notice prescribing grounds for the suspension or revocation of a business rescue practitioner’s licence. This with the aim of curtailing ‘abuse of the business rescue process and entities in financial distress’.
To that end, the notice makes:
- incompetence and ‘failure to exercise the proper degree of care’ grounds for the suspension, and
- makes the following grounds for revocation:
- illegal acts or conduct
- being placed under probation or disqualified through an order of court
- being incapacitated and unlikely to recover ‘within a reasonable time’, and
- incompetence.
In the case of a licence suspension, provision is made for imposing corrective measures.
Where a licence is revoked, the notice includes information on timeframes and re-application procedures.
- Government Gazette notice
Published by SA Legal Academy Policy Watch
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